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 the use of a roof terrace with sea views, there is also 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.