Lot 22 - 46 Pleasant Road, Southend-on-Sea, Essex, SS1 2HJ
- Unconditional Online Auction Sale
- Guide Price* : £137,000 plus
- Bedrooms: 2
Freehold ground rent investment and two flats - tenanted
Description
A freehold semi-detached property with the ground floor flat sold off on a long lease, with a ground rent of £150 per annum. The landlord insures and maintains, with a service charge billed to the leaseholder. The first floor is arranged as a one bedroom flat, let on an assured shorthold tenancy dated 7th April 2022 at a rent of £677 pcm (holding over), and a studio flat, let on an assured shorthold tenancy dated 10th September 2022, at a rent of £150 per week (holding over).
Thus producing £15,924 p.a. plus ground rent income and service charges.
The property is well placed for the sea front, Southend Pier, shops and amenities, and Southend Central station is just over half a mile away.
Other Information
Local Authority – Southend-on-Sea Borough Council
EPC Rating – D
Tenure
Freehold (ground floor sold off on long leasehold title)
Tenancy
Tenanted
Viewings
Strictly by prior appointment with the auctioneers
Additional Information
A contract administration charge of £1,500 (inclusive of Vat) is payable on exchange of contracts. Please note this fee is not part of the deposit or purchase price.
Please refer to the Special Conditions of Sale & General Conditions of Sale for details of any additional fees, costs or disbursements (if applicable), which will form part of the contract.
*Guide price definitionGuide prices are provided as an indication of the seller’s current minimum acceptable price at auction. They are not necessarily figures that a property will sell for, and may change at any time prior to the auction. The guide price may not be the minimum sale price, which can be higher or lower.
Reserve price definitionThe reserve price is the minimum acceptable price under the hammer, which remains confidential, and may change at any time prior to the auction. Unless otherwise stated, each property will be sold subject to a reserve. The reserve is expected to be set no more than 10% above a fixed figure guide price, or within a guide price range.
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