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Studio flat for sale
72 / 72a Park Road, Westcliff-on-Sea, Essex, SS0 7PQ
£4,500
72 / 72a Park Road, Westcliff-on-Sea, Essex, SS0 7PQ
£4,500
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY 17TH JULY 2025 AT 3
Description
This property is a freehold/ground rent investment opportunity, featuring a semi-detached building with two self-contained flats and a parking space. The building is secured by three leases, each with an unexpired term of approximately 98 years, producing a total income of £451 per annum. The current ground rents are £200 per annum for one flat, £250 per annum for the other, and £1 per annum for the parking space. The flats themselves are not included in the sale, 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.