38/40 Seaforth Avenue, Southend-on-Sea

£175,000 Auction guide price

This End Terraced property contains two self-contained flats, each with a share of the rear garden, and is to be sold with the Freehold Interest. Both flats are let (the tenants will remain in occupation) and currently they produce a combined rental income of £1,515pcm (£18,180pa). We have been informed that the first floor flat is let under an Assured Tenancy.

ACCOMMODATION
Number 38 (Ground Floor):
Lounge
Kitchen
Bedroom with En-Suite Shower Room
Separate w/c
Externally:
Own section of rear garden

Number 40 (First Floor):
Landing
Lounge: 16'3 into bay x 9'8 max
Kitchen: 10' x 5'8" max
Bedroom One: 13'1 max > 10'6 x 9'7 max
Bedroom Two: 6'8 x 5'8
Outside w/c
Externally:
Own section of rear garden

TENURE
Freehold

TENANCY
We are informed that the Ground Floor Flat is currently let under an Assured Shorthold Tenancy agreement and that the First Floor Flat is let under an Assured Tenancy.

RENT RESERVED
We have been advised that the Ground Floor Flat is currently let at a rent of £800pcm and that the First Floor Flat is currently let at a rent of £715pcm.

NB:
At the time of going to print we had been unable to gain access to the Ground Floor property. The photos shown for this flat have been taken from a previous inspection report.

ENERTY PERFORMANCE RATING:
38 - D
40 - tbc

AGENTS NOTE:
Please note that there is an existing lease in place for 38 Seaforth Avenue: 99 years from the 1st December 2011

VIEWING
Strictly by appointment with the Auctioneers.