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Westcliff On Sea

£895,000

Property Description

Full description

Tenure: Freehold

LOCATION:
Located in a convenient part of Westcliff just off North Road between West Road and London Road and therefore within easy walking distance of Southend town centre and access to Southend Victoria railway station.

DESCRIPTION:
An attractive block of nine purpose built flats on a secluded site with private security gates and own parking and therefore providing an ideal residential investment including entire site, all flats within the block and the freehold interest.

Nelson Gate consists of:    Five 2-bedroom flats and four 1-bedroom flats all currently let to one tenant for a period of 3 years June 2013. The leases of each flat held directly with the head tenant which avoids rentals and protects the investement value of the Landlord.

Terms    A tenancy schedule is available for interested parties at the agents office.

Flats    Total current rental income 63,000 per annum. The leases provide for the tenants to be responsible for the cleaning of the communal areas, including windows and garden maintenance. The Landlord is responsible for the buildings insurance of the block.

Viewing    By telephone appointment with Dedman Gray on 01702 311111


More information from this agent

To view this property or request more details, contact:

Dedman Gray, Thorpe Bay

103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

01702 744063 Local call rate

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