Commercial property for sale
Westcliff On Sea
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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.
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 Nacro, a registered charity providing accommodation for re-settlement of prisoners. The charity has a turnover in excess of £61m and the rental income is provided at a discounted rate in accordance with the terms of the lease, which is available from the agents offices by request. With the leases of each flat held directly by Nacro avoids rentals and protects the investement value of the Landlord.
Terms A tenancy schedule is available for interested parties at the agents office.
Flats 1-4 26th April 2012 £500 £24,000 5 26th April 2012 £650 £7,800 6 26th April 2012 £650 £7,800 7-9 3rd May 2012 £650 £23,400 Current rental income per annum £63,000 The leases provide for the tenants to be responsible for the cleaning of 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