FOR SALE, SOUTHEND ON SEA ESSEX 6 QUALITY APARTMENTS LET WITH AN INCOME OF £61,920PA.

Property Description

Comprising 5 x 1 Double Bedroom & 1 x 2 Bedroom Luxury Apartments, all having their own kitchen/diner, lounge and bathroom/WC. Fully furnished to a high standard and including all kitchen utensils, washer/dryer, microwave, TV with Freeview & Broadband access. Let by way of AST's producing an income of £61,920pa.

Location
In a popular Conservation area and conveniently located adjacent close to Cliff Gardens and within walking distance of the Railway Station and seafront. Other nearby landmarks include the Cliffs Pavilion Theatre and the Towns vibrant night time Restaurant scene and outstanding shopping centre.

The Property
A distinctive building which has been sympathetically converted into 6 luxury apartments, comprising 5 one double bedroom apartments and a larger 2 bedroom apartment. Each is completely self-contained, the one bedroom apartments having an open-plan lounge and kitchen, and the 2 bedroom apartment has the benefit or a large separate kitchen/diner in addition to its lounge. There is a large shared garden to the rear of the property. Having originally been run as serviced apartments for business and holiday lets on a short and long term basis, the apartments are now let on standard Assured Shorthold Tenancies currently generating an income of £61,920 per annum.

Features
6 Luxury Apartments
All Fully Furnished
Walking Distance Of Stations
All Apartments Self Contained
In Popular Conservation Area
Super Business/Investment Opportunity

Tenure
Freehold.

Council Tax
The apartments are listed for Council Tax with 5 under band 'A' and the other band 'B'.

Method Of Sale
This opportunity comprises the sale of assets only, being the freehold property and fixtures and fittings.

Staff
Given the nature of the business, this requires nominal owner input and could easily be run by a well organised Caretaker/Manager, which makes it ideal for overseas or remote owners/investors as well as anyone with some Hospitality experience.

Energy Performance Certificates
Copies are available on request, with ratings varying from C-E.

Potential
We believe this opportunity has real potential in the hands of a full time operator who has sufficient time to develop the business with a better web presence and more aggressive marketing strategy.