Lot Details
Lot 7: Investment
Guide Price: £250,000
Sold for: £225,000
Tenure: Freehold
Bedrooms: 5
Address:
Flats A,B,C & D 7 Ramuz Drive
Westcliff-on-Sea
Essex SS0 9JA
Please contact us for more information
Email: auction@dedmanauctions.com
Tel: 01702 311010
Description
FREEHOLD RESIDENTIAL INVESTMENT OPPORTUNITY: TERRACED HOUSE ARRANGED AS FOUR SELF CONTAINED FLATS, ALL LET ON ASSURED SHORTHOLD TENANCIES.
Located in a popular turning just off London Road, this excellent residential investment is ideal for buy to let purchasers, looking to add to their property portfolio.
The house comprises four self-contained flats, two on ground floor and two on the first floor, each let on an Assured Shorthold Tenancy.
Accommodation
Flat 7A – Ground floor Studio flat 14'9 x 12'9 plus bay, kitchen area, shower room/WC
Flat 7A – Ground floor Studio flat 14'9 x 12'9 plus bay, kitchen area, shower room/WC
Flat 7B – Ground floor flat, 1 bedroom 10'4 x 9'3, kitchen 9'5 x 5'3, living room 11'4 x 8'10, bathroom/WC and garden
Flat 7C – First floor flat, 1 bedroom 8'11 x 8'4, kitchen 5'10 x 4'9, living room 13'5 x 11'10, shower room/WC
Flat 7D – First floor flat, assumed to have 1 bedroom, kitchen, and living room, shower room/WC
NB. The Auctioneers have been unable to inspect Flat D
NB. The Auctioneers have been unable to inspect Flat D
Tenancy Schedule
|
Flat
|
Type
|
Term
|
From
|
Expiry
|
|
Rent PCM
|
Rent PA
|
|
A
|
Studio
|
6 months
|
30/10/2007
|
Periodic
|
|
£415.00
|
£4,980
|
|
B
|
1 bed
|
6 months
|
24/10/2012
|
Periodic
|
|
£495.00
|
£5,940
|
|
C
|
1 bed
|
6 months
|
16/05/2012
|
15/11/2012
|
£495.00
|
£5,940
|
|
|
D
|
1 bed
|
6 months
|
25/05/2011
|
Periodic
|
£475.00
|
£5,700
|
|
|
Income
|
|
£22,560 pa
|
|||||
Rent reserved
£22,560 per annum
£22,560 per annum
Tenure
Freehold
Viewing
By arrangement with the Auctioneers and by courtesy of the Tenants
