29 Pennial Road, Canvey Island, Essex, SS8 9EA
- PROPERTY TYPE
Detached
- BEDROOMS
4
- BATHROOMS
1
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- Freehold
- Strictly by appointment with the Auctioneer
Description
CARE HOME INVESTMENT: A FREEHOLD DETACHED PROPERTY LET AS A THREE BEDROOM CHILDREN'S HOME (CLASS C2) PRODUCING AN INCOME OF £60,000 PER ANNUM
A freehold detached property with permission granted for a change of use from a residential dwelling(class C3) into a children's home for up to three children(class C2). The property is located in a cul-de-sac with parking and garage also within easy access to the Town Centre and the local shops at Jones Corner. The property has now been let on a new five year FRI lease at the rate of £5,000 PCM (£60,000 PA) It is now considered that the property would be ideal for an investor.
Entrance Hall
Guest WC
Lounge 18'5 x 9'9
Bedroom Four/Manager's Office 12'8 x 9'1
Kitchen/Diner 18'4 x 11'5
First Floor Landing
Bedroom One 14'1 x 12'4
Bedroom Two 13'2 x 10'7
Bedroom Three 13'3 x 9'3
Bathroom/WC
Garage 16'1 x 8'3
The property is let on a new five year FRI lease to a care provider at the rate of £5,000 PCM (£60,00 PA) which gives a yield of over 12.5% of the guide price.
For details on the planning permission please contact Castle Point Borough Council planning department on using the reference 23/0606/FUL
The property has now been equipped and furnished for a children's home. This includes a fire safety system, alarm system, Manager's Office and all bedrooms have beds and furniture.
We have been advised by the seller that he has now let the property to a local care provider at a rate of £5,000 pcm, details of which can be provided.
D
Brochures
Legal Documents- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
29 Pennial Road, Canvey Island, Essex, SS8 9EA
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Visit our security centre to find out moreDisclaimer - Property reference 276070. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auctions, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auctions, Essex on 01702 311010.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited. **This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.
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