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Residential Development for sale

Preston Road, Westcliff On Sea, Essex

Sold STC £625,000

Property Description

Key features

  • INVESTMENT OPPORTUNITY
  • FOUR APPARTMENTS WITH FREEHOLD

Full description

INVESTMENT OPPORTUNITY. Sorrell are favoured with instructions to offer for sale this substantial detached house which has been converted into four separate apartments, comprising 3 two bedroomed apartments and 1 one bedroomed apartment. The property has potential for a redevelopment subject to planning and provides ample parking for 6-8 vehicles. The units are currently let producing an income of £30,360 per annum.
The property is being sold as an investment, however if required vacant possession can be given.

Residential Investment

Flat 1 - Two bedroom ground floor apartment currently producing £7,200 per annum.

Entrance Hall 23' x 5' (7.01m x 1.52m)
Lounge 18'6" x 10'6" (5.64m x 3.20m)
Fitted Kitchen 12'6" x 5'6" (3.81m x 1.68m)
Bedroom 1 12' x 14'6" (3.66m x 4.42m)
Bedroom 2 12' x 7'6" (3.66m x 2.29m)
Shower/WC

Flat 2 - Two bedroom ground floor apartment currently producing £8,100 per annum.

Entrance Hall 9' x 9' (2.74m x 2.74m)
Lounge 13' x 12'6" (3.96m x 3.81m)
Kitchen 12' x 12' (3.66m x 3.66m)
Bedroom 1 12'6" x 10' (3.81m x 3.03m)
Bedroom 2 9'6" x 8' (2.90m x 2.44m)
Bathroom/WC 9' x 7'6" (2.74m x 2.29m)

Flat 3 - One bedroom first floor apartment currently producing £6,900 per annum

Entrance Hall 5'6" x 5' (1.68m x 1.52m)
Lounge 16' x 9' (4.88m x 2.74m)
Kitchen 10'6" x 5'.6" (3.20m x 1.68m)
Bedroom 12' x 14'6" (3.66m x 4.42m) with door leading onto attractive sun balcony.
Bathroom/WC 10' x 6'4" (3.03m x 1.93m)

Flat 4 - Two bedroom first floor apartment currently producing £8,160 per annum

Entrance Hall 12' x 7'9" (3.66m x 2.36m)
Lounge 15' x 13' (4.57m x 3.96m) with door leading onto large west backing sun balcony.
Kitchen 9' x 6' (2.74m x 1.83m)
Bedroom 1 14' x 12' (4.27m x 3.66m)
Bedroom 2 14'6" x 12' (4.42m x 3.66m)
Bathroom/WC 10' x 6'4" (3.03m x 1.93m)

Agents Note - All the apartments have gas central heating via radiators.

Externally - Front, side and rear gardens as well as ample off street parking.

THE PROPERTY MISDESCRIPTIONS ACT 1991

PLEASE NOTE, THIS ONLY APPLIES TO PROPERTIES FOR SALE. The Agent has not tested any apparatus, equipment, fixtures, fittings or services and so cannot verify that they are in working order or fit for the purpose. You should obtain verification from your Solicitor and Surveyor.


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