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Studio flat for sale
39 Crowborough Road, Southend-on-Sea, Essex, SS2 6LW
£3,000
39 Crowborough Road, Southend-on-Sea, Essex, SS2 6LW
£3,000
Our Summary
- FOR SALE BY PUBLIC AUCTION ON THURSDAY 25TH SEPTEMBER 2025 AT 3
Description
This property is a freehold/ground rent investment opportunity, secured against a detached building that is currently arranged as three self-contained apartments. The apartments have been sold on long leases, with unexpired terms of approximately 152-153 years, and the ground rents currently produce a total income of £90 per annum. The leases were granted from 1978 and 1979, and the current ground rent charge is £30 per annum per apartment. The leaseholders have accepted an offer to purchase the freehold, and the property will be sold at auction on September 25th, 2025, with bidding available by telephone, proxy, and online. The sale does not include the individual flats, and the building has not been inspected by the auctioneers.