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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 6TH MARCH AT 3
Description
This is a freehold ground rent investment property, secured against a detached building currently arranged as 4 self-contained flats, all sold on leases. The existing leases have varying lengths, with Flat 69A having approximately 57 years remaining and Flat 69 having approximately 74 years remaining. The current ground rents produce a total income of £100 per annum, with the breakdown being £50 per annum for Flats 69 and 69A, and peppercorn rent for Flats 69B and 69C. The property is being sold by public auction, with bidding available by telephone, proxy, and online, and the auction will be livestreamed on the Hair & Son website. The sale does not include the 4 individual flats, which are not part of the property being sold.