Seafront FREEHOLD INVESTMENT/DEVELOPMENT OPPORTUNITY, popular developing EAST DEVON seaside town. Enjoying attractive setting, just off SEATON town centre, adjacent esplanade and beach, close gardens and attractions, literally situated on the South West coastal path.
Imposing building, the subject of recent investment, comprises ground floor café from which rental income is received, first floor 2 bedroom flat with sea views, currently owner occupied, would suit holiday/long term let, additional studio apartment (to be developed), also suit holiday/long term let.
Versatile property, numerous options to new owners, potential rental income £22,500 per annum based on long term letting, scope to increase through holiday letting, benefits from holding the Freehold for the whole building, receiving Ground Rents from other flats, future lease renewal/extension premiums anticipated.
Freehold £349,500 Ref: INV/DEV34924N