Investment for Sale
- Sought after location
- Investment/Development opportunity
- Potential income of approx. £46,680 per
- 2x 2 bed flats 2x 3 bed flats
- Freehold POA
DESCRIPTION & LOCATION
Situated in this popular residential location, a short distance from
Southend Seafront and Westcliff Train Station is this great opportunity to
purchase a block of 4 large two and three bedroom apartments.
Approx. 300 metres walk to the sea front with estuary glimpses. Three
flats are currently Tenanted with Tenants holding over on ASTs. The
majority of the Tenants have been in occupation for several years and
we feel there is an opportunity to increase the current rents.
The properties offer spacious accommodation with the ground floor flats
offering two good sized bedrooms and an open plan lounge kitchen to
the rear with patio doors leading on to their own private rear gardens.
The first floor flats offer three good sized bedrooms, a large lounge and
separate kitchens. All flats benefit from one off street parking space
The property also benefits from potential development (STP) with the
majority of neighbouring properties having
accommodation over three floors offering the
opportunity to develop the property further (STP).
Lounge: 5.71m x 4.25m
Kitchen 2.73 m x 3.73 m
Bedroom 3.10 m x 2.77 m
Bedroom 5.27 m x 3.93 m
Bedroom 3.62 m x 1.74 m
Lounge: 5.76 m x 4.30 m
Kitchen 2.73 m x 3.75 m
Bathroom 1.61 m x 2.76 m
Bedroom 3.62 m x 1.73 m
Bedroom 5.26 m x 3.97 x
Bedroom 3.13 m x 2.55 m
Lounge/Bedroom 5.72 m x 4.33 m
Kitchen/Lounge 6.06 m x 3.75 m
Bathroom 2.59 m x 2.74 m
Bedroom 5.18 m x 3.89 m
Lounge: 6.02 m x 4.48 m
Kitchen 6.02 m x 3.78 m
Bathroom 2.58 m x 2.77 m
Bedroom 5.75 m x 3.89 m
Bedroom 5.19 m x 3.89 m
Three flats are currently occupied with AST start dates and rents as follows;
8a - 16th April 2019 - £895pcm
8b - 15th October 2014 - £840pcm
10a - 25th September 2018 - £895pcm
10b - Vacant—potential income of £950pcm
Current income of £41,760 per annum.
We feel these could be increased to approx: £975 - £995 pcm for the first floor flats and £900 - £950 pcm for the ground floor flats
giving a potential income of £46,680 per annum.
For further information and viewings
contact Ayers & Cruiks.
Awaiting on EPC
Available upon requestViewing
By appointment with Ayers & CruiksArea 3,430 sq ft Land Area 3,430 sqft