A ground floor 1 bedroom leasehold flat let at £6600 PA. Benefitting from an allocated car parking space.

A decent sized ground floor flat situated close to the city centre shops, bars and restaurants. The two local railway stations are a short distance from the property. The lease has 62 years unexpired. The flat is let on an Assured Shorthold Tenancy (Holding over) at £550 pcm and therefore produces an annual income of £6,600 PA. At the guide price the investment yields a gross return of around 10%! The Vendor has confirmed they are willing to Serve a S42 Notice on the Freeholder after exchange, before completion if requested by the purchaser. The buyer will be responsible for the Vendors costs in this regard.

Tenure

Leasehold. 99 years from 24 June 1987

Ground Floor

Communal Entrance Door Communal Entrance Lobby Personal Entrance Door Entrance Hall doors off to: Lounge 12'2" x 12'1" Bedroom 8'9" x 8'9" Kitchen 9'2" x 6'7" Bathroom/WC 6'2" x 5'5"

Externally

Allocated Car Parking Space within rear garden with vehicular access from Old Southend Road.

Council Tax Band

A

Viewings

Individual viewings can be arranged and the next are on Tuesday 15th October. Please call the Chelmsford Office on 01702 939933 to book an appointment.

Lease details

99 years from 24 June 1987 62 years remaining

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Southend on Sea Borough Council

Solicitors

Tolhurst Fisher LLP (Southend), Ref: Nathaniel John, Tel: 01702 352511

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.