- Great Investment
- Great Location
- Current Return of £18,600 per annum
- Freehold Building
- Three Flats in Total
- All Occupied
- No Chain
We offer for sale this freehold investment opportunity which comprises of three apartments and the freehold to the whole building. Information on the income on each flat can be found on further details or you can call Reed Residential on 01702 606888. The flats include two, one bedrooms and one studio flat plus two of the flats do have parking to the rear. This is a great investment opportunity and currently achieves an income of£18,600 per annum but one of these flats will have a rent increase shortly and the other two could follow suit.
This flat is currently occupied and currently achieves a rent of £500 per month and will be increased to £660. The tenancy agreement dates 29/10/18 to 29/09/19.
The accommodation is located on the first floor to the front of the building and comprises good size kitchen, lounge, shower room and a double bedroom plus a large landing with storage and loft access.
Kitchen Measures 9`8 x 6`5
Lounge Measures 15`9 x 11`8
Shower room Measures 8` x 4`5
Bedroom Measures 12`3 x 13`11
This flat is currently occupied and achieves a rent of £500 per month. The tenancy agreement dates are 12/12/18 to 12/06/19 and is now on a periodic.
The accommodation is located on the first floor to the rear of the building and comprises good size kitchen, living area and bathroom plus a large landing.
Kitchen Measures 8`6 x 7`2
Living Area Measures 12`0 x 9`8
Bathroom Measures 8`5 x 4`2
This flat is currently occupied and achieves a rent of £550. The tenancy agreement dates are 19/08/19 to 17/02/20.
The accommodation is located on the ground floor to the rear of the building and comprises good size kitchen, lounge, bathroom and bedroom.
Kitchen Measures 8`6 x 7`1
Lounge Measures 12`1 x 9`7
Bathroom Measures 8`9 x 4`2
Bedroom Measures 11`9 x 6`6
This flat is owned by the leaseholder and was granted a lease of 99 years from 1988.
This investment opportunity is located in the heart of Southend on Sea, just minutes from the High street shopping facilities, the local Seafront attractions and also rail links into London with an option for both Greater Anglia and the c2c.
Southend is also home to an ever expanding airport with flights ranging from France, Germany, Italy and Greece, this is to name a few. We are also home to a popular university and a university hospital. There are plans in motion for a large development along the seafront along with plans to relocate Southend United football club.
Energy Performance Certificate
EPC`s are available for each property upon request or alternatively you can find them on www.epcregister.com
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.