Kenilworth Road, St. Leonards-On-Sea

This substantial Victorian building presents a unique opportunity for renovation and investment. Spanning five storeys, the property currently comprises three one-bedroom flats situated on the lower ground floor, hall floor, and first floor, along with a spacious three-bedroom maisonette occupying the upper levels. The one-bedroom flats are already tenanted, providing immediate rental income, while the maisonette is available for new occupancy. Once fully occupied, the property has the potential to generate an estimated annual income of around £38,000. This creates a promising scenario for investors looking to expand their portfolio in a sought-after location. While the building boasts original Victorian features such as high ceilings and decorative cornicing, it does require modernization to reach its full potential. Currently equipped with electric heating and mostly double-glazed windows, there is room for enhancement that could significantly increase its market value. A key advantage of this property is the rear garden area which can be accessed through a communal entrance hall. This outdoor space offers possibilities for landscaping or creating communal areas that could attract future tenants. Positioned in central St Leonards, the property benefits from proximity to local amenities and public transport links, making it an attractive option for renters seeking convenience. With thoughtful improvements and renovations, this property could transform into highly desirable rental units in an appealing area. Overall, this offering stands as a compelling opportunity for those looking to invest in residential real estate with promising returns through strategic enhancements and management.