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14 bedroom block of apartments for sale
13 Orwell Road, Harwich, Essex, CO12 3LD
£625,000
13 Orwell Road, Harwich, Essex, CO12 3LD
£625,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 26TH FEBRUARY 2025 AT 12
Description
This freehold building in Dovercourt, Essex is being sold at auction and offers a lucrative buy-to-let investment opportunity. The property contains 10 fully let apartments, producing an annual income of nearly £70,000, which represents a 10.4% yield of the guide price. The building is well-maintained and features spacious communal areas, including a small garden and drying area. The apartments range from studios to two-bedroom units, each with its own kitchen and bathroom. The current assured shorthold tenancies are set at 6-month periods, and the property is being sold with vacant possession. The auction will be live-streamed on the Dedman Gray website, and bidding will be available by telephone, proxy, and online.