VARIOUS LOCATIONS IN WESTCLIFF ON SEA

£355,000
  • Ref: 15897
  • Availability: For Sale
Back To Search
  • Make Enquiry

Property Summary

An unusual opportunity to purchase a 25% share of a mixed residential/commercial portfolio which is available owing to bereavement of one of the part owners. It has been in the same family for many years.

The portfolio consists of 10 units, spread across four buildings. 3 shops and 7 flats all providing reasonable quality accommodation and All properties have been managed by Hair and Son for many years. Income and expenditure details over the past ten years is available upon request.

UNUSUAL INVESTMENT OPPORTUNITY

Full Details


LOCATION
The four premises are located in various properties in Westcliff on Sea.

DESCRIPTION
A MIXED RESIDENTIAL/RETAIL PORTFOLIO - 25% SHARE OF THE FREEHOLD

ACCOMMODATION
3/3A Anerley Road
The building comprises a two storey terraced house which has been converted in to two flats.
The ground floor garden flat has recently been refurbished and has double glazing and gas fired central heating
The first floor flat consists a one bed flat with gas central heating but single glazing


11/11A Valkyrie Road
A two storey house converted in to 2 flats. Each of the flats provided two bedroomed accommodation and are decorated to a reasonable specification.


382/384, 382B, 384A & 384B London Road

A three storey building with commercial on the ground floor which has traded as a hot food takeaway for many years.
There are three residential units over, consisting 2 x 1 bed flats and a 2 bed maisonette

805/805A London Road
A retail shop and small workshop to the rear, currently let as a dog groomers.
The flat over has a self contained entrance to the front of the property and provides 2 bedroom accommodation which has gas central heating, double glazing and is decorated to a reasonable standard.

SERVICES
All premises have mains water and electricity.

TERMS
£355,000 is required for a 25% shared of this property portfolio.

OUTGOINGS
All properties in the portfolio are currently let and thus the landlord have no responsibility for payment of business rates or council tax at the of preparing these details.

VAT
The portfolio is not VAT elected.

LEGAL COSTS
Each party to be responsible for their own legal costs.

SERVICE CHARGE
The retail elements are let on commercial leases. The residential units are all let on Assured Shorthold / Periodic Tenancies. The landlords are responsible for repairs and maintenance of the residential elements.

VIEWING
Prior telephone appointment