>
2 bedroom flat for sale
Flat 5 Mariner House, 157 High Street, Southend-on-Sea, Essex, SS1 1LL
£140,000
Flat 5 Mariner House, 157 High Street, Southend-on-Sea, Essex, SS1 1LL
£140,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY, 10TH APRIL AT 12
- Entrance Hall Living/Dining/Kitchen Area 18'7 x 15'5 Bedroom One 14'5 x 11'8 En Suite Shower Room 7'6 x 4'2 Bedroom Two 13'9 x 9'4 Bathroom/WC 8'3 x 5'5 Please note that this flat is above a commercial premises this may affect any borrowing and we also been advised that planning permission has been granted for 2 additional floors on the roof space
Description
A modern two-bedroom apartment is being sold by public auction on April 10th, with bidding available by telephone, proxy, and online. The apartment is located in the heart of Southend's city centre and features two double bedrooms, an en-suite, and a bathroom, as well as a large open-plan living space with a modern kitchen and lift facility. The property is considered an ideal buy-to-let investment, with a potential rental yield of 11% based on a guide price of £11,700 per annum. The apartment is above a commercial premises, which may affect borrowing, and planning permission has been granted for additional floors on the roof space. The property comes with 125 years remaining on the lease, with ground rent of £250 per annum and a service charge of £2,358 per annum. It is also subject to a Selective Licensing Scheme operated by Southend on Sea City Council.