Studio flat for sale

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Studio flat for sale

9 Britannia Road, Westcliff-on-Sea, Essex, SS0 8BS
£18,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION ON THURSDAY 15TH MAY 2025 AT 3

Description

This property is a freehold and ground rent investment opportunity, secured against an end-terrace property with five self-contained flats, all sold on leases. The property currently produces a total income of £190 per annum from ground rents, with varying lease terms remaining. The existing leases include Flat C with approximately 60 years remaining, and Flat D with a similar term remaining. The ground rents currently produce income ranging from £30 to £130 per annum, with Peppercorn rents for Flats A and B. Please note that the individual flats are not included in the sale and the building has not been inspected or visited by the auctioneers. The property will be sold at auction on May 15th, 2025, and bidding will be available by telephone, proxy, and online.