2 Bed Flat, Planning Permission, Southend-on-Sea, SS1 1LL £140,000

• Strictly by appointment with the Auctioneers +

FOR SALE BY PUBLIC AUCTION ON THURSDAY, 10TH APRIL 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

RESIDENTIAL/BUY TO LET INVESTMENT: MODERN TWO BEDROOM APARTMENT IN THE HEART OF THE CITY CENTRE CONSIDERED TO BE AN IDEAL BUY TO LET INVESTMENT.
Modern fourth floor apartment located on the High Street in the centre of Southend. The Apartment has two double bedrooms, an en-suite and bathroom, large open plan living space with a modern kitchen and lift faciltiy. It is considered that the property would be ideal as a buy to let investment or indeed a home for owner occupation and we have been advised the rental figure for the apartment is around £1,300 p/c/m which would give you a yield of 11% of the guide price.
Entrance Hall
Living/Dining/Kitchen Area 18'7 x 15'5
Bedroom One 14'5 x 11'8
En Suite Shower Room 7'6 x 4'2
Bedroom Two 13'9 x 9'4
Bathroom/WC 8'3 x 5'5

Please note that this flat is above a commercial premises this may affect any borrowing and we also been advised that planning permission has been granted for 2 additional floors on the roof space.
125 years from 1st April, 2016 with 116 years remaining
We are advised by the vendor that currently the ground rent is £250 per annum and the service charge is £2358 per annum. Please refer to the legal pack for full details
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.
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