2 bedroom block of apartments for sale

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2 bedroom block of apartments for sale

Imperial Manor, 34 Clifftown Parade, Southend-on-Sea, Southend-on-Sea, SS1 1DL
£1,600,000

Our Summary

  • FOR SALE UNDER AUCTION CONDITIONS FREEHOLD INVESTMENT OPPORTUNITY - SIX FULLY LET APARTMENTS IN THE SOUGHT AFTER CONSERVATION AREA PRODUCING AN INCOME OF APPROX £67,000 PER ANNUM Standing in one of the most sought after locations within the conservation area is this impressive freehold opportunity
  • Seven lock up garages with seven parking spaces It is considered that this freehold property allows the opportunity of a potential rear extension and re-configuration which would provide an uplift in the capital value of this asset and rental income (subject to the necessary planning consent required)

Description

This impressive freehold property in the sought-after Southend conservation area offers six fully let apartments, producing an annual income of approximately £67,000. The apartments vary in size and layout, with five offering clifftop and panoramic sea views. The property is located close to Southend High Street, shops, restaurants, bars, and the mainline railway station, as well as Southend's International Airport. The investment opportunity also includes seven lockup garages with additional parking. With potential for a rear extension and re-configuration, subject to planning consent, this asset could provide an uplift in capital value and rental income. The property has been in the same family ownership for over 30 years and has never been offered on the market for sale before.
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