Call the team on 01702 33 33 99 for more information
OF INTEREST TO INVESTORS A TENANTED ONE BEDROOM TOP FLOOR FLAT CURRENTLY LET GENERATING £6,900pa GIVING A YIELD OF 6.9% IF PURCHASED AT GUIDE
The property has recently been completely refurbished and is currently let on a 12 month AST from 18th April 2021 to 17th April 2022 generating £6,900pa. The client advises no late payments or arrears and the tenant would like to remain in the property if possible.
Tenure
Leasehold. 125 years from 3rd June 2015 thus 118 years remaining
ACCOMMODATION
Communal Entrance Hall Lounge: 13'3" x 9'3" (4.0m x 2.8m) Kitchen: 12'9" x 5'9" (3.8m x 1.7m) Bedroom: 13'3" x 7'0" (4.0m x 2.1m) Shower Room
EXTERIOR
The property benefits from an allocated parking space included in the title located at the rear of the property.
LOCATION
Located in the City of Southend which is a resort town on the Thames Estuary in Essex. Southend Pier (the longest pleasure pier in the world) is serviced by a small train and has a museum at its shore end. At the north end of the road is Southchurch Park whilst just 200ft to the south is the Eastern Esplanade and beach. Southend City Centre is less than a mile to the West of the property with it's shops, bars, restaurants and Southend Central mainline railway station with fast services to London.
VIEWING
Strictly by appointment with the auctioneer Tel: 01702 333 399
Energy Efficiency Rating (EPC)
Current Rating D
Local Authority
Southend on Sea Borough Council
Additional Fees
Administration Charge - 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.