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Southend Essex Residential Investment For Sale

Southend-On-Sea, Essex, UK
Asking Price:
£1,050,000
Turnover:
On request
Net Profit:
On request

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.

Property Information

Property:

Freehold

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.

Premises Details:

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.

Size in square feet:
2,257
Energy Performance Rating:
C

Business Operation

Management type:
This business is owner operated.

Other Information

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