13 Orwell Road, Harwich, Essex, CO12 3LD
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
14
- 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
- By appointment with the auctioneers
Description
BUY TO LET INVESTMENT: A FREEHOLD BUILDING CONTAINING 10 FLATS FULLY LET ACHIEVING AN ANNUAL INCOME CLOSE TO £70,000. A 10.4% YIELD OF THE GUIDE PRICE
A five storey freehold building close to Dovercourt seafront and town centre offering sea and park views. The building contains ten residential apartments that are all currently let on assured shorthold tenancies producing an annual income just short of £70,000 per annum which represents a yield of 11.2% of the guide price.
Basement level
Flat 1- One bedroom - 345 square ft including kitchen and bathroom
Flat 2- Two bedroom- 700 square ft including lounge/kitchen and bathroom
Ground Floor
Flat 3 - Studio- 215 square ft kitchenette and bathroom
Flat 4- One Bedroom- 506 square ft including lounge/kitchen, bathroom and balcony
First Floor
Flat 5- Studio- 226 square ft including kitchen and bathroom
Flat 6- Two Bedroom- 506 square ft including lounge/kitchen and bathroom
Second Floor
Flat 7-Studio-215 square ft including kitchen and bathroom
Flat 8- Two Bedroom-506 square ft including lounge/kitchen, bathroom
Top Floor
Flat 9-Studio- 215 square ft kitchen and bathroom
Flat 10- Two Bedroom-506 square ft including lounge/kitchen, bathroom
The building appears to well maintained and includes spacious communal hallway's with 2 service cupboards one of which includes a WC. There is a small communal garden/ drying area to the rear.
We have been advised by the seller that the below rental income is being achieved
Flat 1-£525 per month (£6300 per annum)
Flat 2-£750 per month (£9000 per annum)
Flat 3-£500 per month (6000 per annum)
Flat 4-£600 per month (£7200 per annum)
Flat 5-£500 per month (£6000 per annum)
Flat 6-£650 per month (£7800 per annum)
Flat 7-£450 per month (£5400 per annum)
Flat 8-£775 per month (£9300 per annum)
Flat 9-£500 per month (£6000 per annum)
Flat 10-£575 per month (£6900 per annum)
Total £5825 per month (£69,900 per annum)
We understand that the current assured shorthold agreements were set at 6 month tenancy periods. For more information please refer to the legal pack
1-E, 2-C, 3- D, 4-C 5-D 6-C,7-E, 8-C, 9-E 10-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.
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- GARDENA property has access to an outdoor space, which could be private or shared.
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- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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13 Orwell Road, Harwich, Essex, CO12 3LD
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Visit our security centre to find out moreDisclaimer - Property reference 279927. 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.”
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