Studio apartment for sale

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Studio apartment for sale

Lake Rise, 89 Down Hall Road, Rayleigh, Essex, SS6 9JX
£30,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION ON THURSDAY 17TH JULY 2025 AT 3

Description

This property is a freehold investment opportunity that consists of a detached building with seven self-contained apartments, all of which are sold on long leases with approximately 117 years remaining. The building also features parking and amenity space. The current ground rents produce an annual income of £1,750, with each apartment paying £250 per annum. The leases were granted in 2017 and are subject to Section 5(b) Notices having been served to the lessees. The sale does not include the individual flats, and the building has not been inspected or visited by the auctioneers. The property is being sold by public auction on July 17th, 2025, with bidding available by telephone, proxy, and online.