6 bedroom flat for sale

Overview

*** FOR SALE BY LIVE STREAM AUCTION WEDNESDAY 14tH MAY 2024 *** FOR MORE INFORMATION OR TO REGISTER TO BID CONTACT THE AUCTIONEERA VACANT BLOCK OF 6 ONE BED STUDIO APARTMENTS IN NEED OF A FULL PROGRAMME OF RENNOVATION HELD ON REGISTERED LEASEHOLD TITLE EX744228 FOR A TERM OF 999 YEARS FROM 15th FEBRUARY 1995 THUS 970 YEARS REMAININGThe property has suffered some damage from previous occupants but is now secure and fully vacant. There is potential to repair the property and restore the 6 units which could generate an income of about £41,000p.a. representing a yield of 17% if purchased at guide, or convert into two or three flats subject to obtaining all necessary consents.ACCOMMODATION First Floor Flat 1: 17'6 x 12'2 (5.34m x 3.73m) + Shower Room Flat 2: 14'9 x 10'11 (4.52m x 3.34m) + Shower Room Office/Store Room Second Floor Flat 3: 18'10 x 12'10 (5.75m x 3.92m) + Shower Room Flat 4: 12'4 x 12'1 (3.76m x 3.70m) + Shower Room Third Floor Flat 5: 13'0 x 9'6 (3.98m x 2.92m) + Shower Room Flat 6: 12'7 x 11'3 (3.86m x 3.45m) + Shower RoomLOCATION Westcliff-on-Sea is a suburb of the city of Southend-on-Sea, located within the ceremonial county of Essex. It is on the north shore of the lower Thames Estuary, about 34 miles (55 km) east of London. The property is situated on the A13 London Road with easy access to shops, bars and restaurants. Southend University is about half a mile to the north of the property.VIEWING Strictly by appointment with the AuctioneerTenure: LeaseholdLease Details: 999 years from 1 January 1995EPC Rating: DAdministration Fee: 0.6% inc VAT of the purchase price, subject to a minimum of £900 inc VAT, payable on exchange of contracts.Buyer's Premium Fee: 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion. For more details and to contact: https://realtyww.info/flats_westcliff-on-sea-d524363/for-sale_i70143758

---

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.