A freehold 5 bedroom H.M.O when fully let it can produce over £30,000 per annum which represents a yield of over 15% if purchased at the upper end of the guide price.
The property consists of 5 letting rooms 4 of which are currently let, each with a kitchenette and en-suite bath/shower room and a communal living room. The property would benefit from renovation throughout and is suitable for landlords and property developers alike.
Lounge/Communal Area: 8'2" x 7'11" (2.49m x 2.42m) Lounge/Communal Area: 12'9" x 7'2" (3.89m x 2.20m) Room 2: 13'8" x 10'3" (4.18m x 3.14m) Room 3: 13'4" x 8'8" (4.08m x 2.65m) Room 4: 13'4" x 9'5" (4.08m x 2.89m) Room 5: 12'1" x 8'11" (3.69m x 2.72m) Room 6: Auction House Essex had not conducted an internal inspection of this room at time of print.
The property benefits from a small front garden and a rear garden extending to approximately 60' (18.28m)
Shoeburyness train station is less than a mile distant providing direct links to London. Shoebury Park and the seafront are also only a short walk away.
4 rooms Currently let on expired Assured Shorthold Tenancy Agreements
Internal viewing will not be possible. Please contact the Auctioneers to register your interest - Tel:01702 333399.
Energy Efficiency Rating (EPC)
Current Rating G
Southend on Sea Borough Council
Buyer's Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.
Administration Charge - £720 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.