119 High Street, Southend-on-Sea, Essex, SS1 1LH
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
12
- 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
BUY TO LET INVESTMENT: A FULLY LET FREEHOLD BUILDING COMPRISING OF 4 FLATS AND AN HMO WITH 5 ROOMS PRODUCING AN INCOME OF £88,500 PER ANNUM
Located in the city centre just off the High Street and a stone's throw from Southend Central Mainline Station and the seafront, is this great buy to let investment opportunity which offers 4 flats and an HMO with 5 rooms. The building is fully let and producing an income of £88,500 per annum which represents a yield of 8% of the guide price. The ground floor public house and the basement have been sold off on a long lease of 999 years.
Flat 1 Luker House - Two bedroom flat 58 sq.m
Flat 2 Luker House - One bedroom flat 55 sq.m
Flat 3 Luker House - Two bedroom flat 70 sq.m
Flat 4 Luker House - Two bedroom flat 68 sq.m
Top floor
HMO accommodation 91 sq.m
Communal Hallway
Communal Bathroom
Communal Kitchen
5 x Bedrooms
It is considered that there could be an opportunity to create further accommodation using available airspace subject to planning permission and all other necessary consents.
Flat 1 Luker House - 2 bedroom flat Let at £1,000 p/c/m
Flat 2 Luker House - One bedroom flat Let at £925 p/c/m
Flat 3 Luker House - Two bedroom flat Let at £1,200 p/c/m
Flat 4 Luker House - Two bedroom flat Let at £1,200 p/c/m
Top floor HMO
Room 1 - Let at £675 p/c/m
Room 2 - Let at £650 p/c/m
Room 3 - Let at £650 p/c/m
Room 4 - Let at £525 p/c/m
Room 5 - Let at £550 p/c/m
Please note that this property falls within an area subject to a Selective Licensing Scheme operated by Southend on Sea City Council. Please contact them on or visit their website for further details.
Please note that at the time of going to print Dedman Gray Auctions have not visited or inspected the property
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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119 High Street, Southend-on-Sea, Essex, SS1 1LH
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Visit our security centre to find out moreDisclaimer - Property reference 294451. 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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