Property description

** INVESTMENT OPPORTUNITY ** We offer for sale the freehold for this building currently generating £300 per annum in ground rent. This investment also comprises the two lease hold flats let on an assured short hold basis producing £12,300 per annum. To the first floor there is a one bedroom property and to the second floor a two bedroom property. There may be an opportunity to increase the rent as the original tenancies were set up in 2011.

PROPERTY DETAILS

One Bedroom First Floor Flat
Communal Entrance
Stairs to First Floor
Entrance Door
Hallway
Open Plan Kitchen/Lounge Area 16'07 x 10'10
Bedroom 9'07 x 7'10
Bathroom 7'02 x 6'11

Lease Details
Ground Rent £100
99 years from 01/07/2003

The property is currently let on an assured short hold tenancy basis for £475 per month

Two Bedroom Second Floor Flat
Communal Entrance
Stairs to First Floor
Entrance Door
Hallway
WC
Stairs to Second Floor
Landing
Open Plan Kitchen/Lounge Area 15'09 x 9'03
Bedroom One 10'0 x 7'09
Bedroom Two 9'08 x 8'03
Bathroom 6'03 x 5'06

Lease Details
Ground Rent £100
99 years from July 2003

The property is currently let on an assured short hold tenancy basis for £550 per month

Property Features :

• TWO LEASEHOLD PROPERTIES
• FREEHOLD FOR THE BUILDING
• CLOSE TO WESTCLIFF STATION
• CLOSE TO THE SEAFRONT
• CURRENT RENTAL INCOME OF £12,300 PA