616A London Road, Westcliff-On-Sea, Essex SS0 9HW
The Auction DepartmentAuction Department specialises in fast and efficient property sales through online auctions. They offer a streamlined process for residential, commercial, and land sales, providing sellers with maximum exposure and buyers with secure transactions.
Read more Read moreA 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. 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 VIEWING Strictly by appointment with the Auctioneer
