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12 bedroom block of apartments for sale
119 High Street, Southend-on-Sea, Essex, SS1 1LH
£1,100,000
119 High Street, Southend-on-Sea, Essex, SS1 1LH
£1,100,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY, 12TH JUNE 2025 AT 12
- BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE BUY TO LET INVESTMENT: A FULLY LET FREEHOLD BUILDING COMPRISING OF 4 FLATS AND AN HMO WITH 5 ROOMS PRODUCING AN INCOME OF £88,500 PER ANNUM Located in the city centre just off the High Street and a stone's throw from Southend Central Mainline Station and the seafront is this great buy to let investment opportunity which offers 4 flats, a HMO with 5 rooms
- m Communal Hallway Communal Bathroom Communal Kitchen 5 x Bedrooms It is considered that there could be an opportunity to create further accommodation using available airspace subject to planning permission and all other necessary consents
Description
This is a rare buy-to-let investment opportunity in the city centre of Southend-on-Sea, just off the High Street and close to the mainline station and seafront. The fully let, freehold building comprises four flats and an HMO with five rooms, producing an annual income of £88,500, which represents an 8% yield on the guide price. The flats and HMO are let to tenants at various rates, with potential to create further accommodation through available airspace subject to planning permission. The property is located in an area subject to a Selective Licensing Scheme, and potential buyers are advised to contact Southend-on-Sea City Council for further details. The property will be sold by public auction on June 12th, 2025, with bidding available by telephone, proxy, and online.