A 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 REMAINING

The 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.

Tenure

Leasehold. 999 years from 1 January 1995

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 Room

LOCATION

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 Auctioneer

Energy Efficiency Rating (EPC)

Current Rating D

Local Authority

Southend on Sea Borough Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price, subject to a minimum of £1800 inc VAT, payable on exchange of contracts.

Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 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.