A freehold block of seven leasehold flats is being sold at auction, with a guide price and a yield of 11% on the annual income of £55,500. The block, situated on The Broadway near Jaywick seafront, features communal gardens, storage, and parking. The flats, ranging from 410 to 517 square feet, are all let on assured shorthold tenancies and produce a combined monthly rental income of £4,625. The building is well-maintained, with individual storage sheds and a detached communal storage unit. The freehold is being sold with the seven flats, which have leases with a term of 999 years from November 2018. The property is being sold with the freehold and all seven flats, with the tenancies managed by Stoneridge Estates in Clacton-on-Sea.