Description

Standing in one of the most sought after locations within the conservation area is this impressive property being offered on to the open market as a FREEHOLD INVESTMENT OPPORTUNITY.

This superb residential investment with its picturesque settings is within the Southend conservation area offers four apartments offering clifftop and panoramic sea views.

 Each of the apartments vary between 1 or 2 bedrooms, with long terms tenants. Located close to Southend High Street with its array of shops, restaurants, bars and Southend Central mainline railway station are all within access as well as Southend's International Airport.

Rooms

Apartment 1 - G/Floor - 2 Bed - 871 sq.ft.

Lounge 16'1 x 13'1 Dining Room 17'7 x 11'9 Kitchen 11'8 x 11'7 Bedroom 1 13'11 x 12'4 Bedroom 2 9'8 x 6'2 871 sq.ft

Apartment 2 - F/Floor - 1 Bed - 721 sq.ft.

Lounge 16'6 x 14'3 Kitchen 12'8 x 8' Dining Room 12' x 6'11 Bathroom 721 sq.ft

Apartment 3 - Top Flr - 2 Bed - 828 sq.ft.

Lounge 21'2 x 13'2 Kitchen 12'1 x 12' Bedroom 14'10 x 13'2 Bathroom 828 sq.ft.

Apartment 4 - G/Flr - Studio - 269 sq.ft.

Lounge/Bedroom 15'7 x 9'8 Kitchen 7'7 x 5'3 Bathroom 269 sq.ft.

INCOME

Three of the apartments are let with the ground floor studio currently vacant and being offered on the market to rent. The combined potential income for the apartments, when all let, including the garages, is approximately £40,000 plus a further £4,250 for the five garages.

SUMMARY

Summary This freehold property allows the opportunity of a potential rear extension and re-configuration which would provide an uplift in the capital value of this asset and rental income (subject to the necessary planning consent required).

Parking Spaces

Garage

Capacity: 5

The plot includes extensive front and rear gardens with private driveway leading to a terrace of 5 lock-up garages, which are all individually let on annual licences.