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Studio flat for sale
69 Rylands Road, Southend-on-Sea, Essex, SS2 4LL
£14,000
69 Rylands Road, Southend-on-Sea, Essex, SS2 4LL
£14,000
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 a detached building with four self-contained flats all sold on leases. The existing leases have varying lengths, with 69A having approximately 57 years remaining and 69 having approximately 74 years remaining. The current ground rents produce a total income of £100 per annum, with individual ground rents ranging from £50 per annum to peppercorn. Please note that the individual flats are not included in the sale and have not been inspected by the auctioneers. The property is being sold by public auction on May 15th, 2025, with bidding available by telephone, proxy, and online.