Block of flats for sale in Fairfax Drive, Westcliff-On-Sea SS0

Investment Opportunity in Westcliff on Sea: Prime Block of Five Flats
Price: £770,000 (Vendor Open to Sensible Offers)

Ocean Residential is thrilled to present a lucrative investment opportunity in Westcliff on Sea. This prime block of five flats, each with its own entrance, is now available for purchase with the freehold. Priced at £770,000, the vendor is open to sensible offers, making this an excellent chance to invest in a high-potential property.

Property Highlights:
Spacious and Bright Flats: Each flat offers generous space and abundant natural light, making them highly attractive to prospective tenants.
Excellent Location: Situated near Southend Hospital and several schools, all within walking distance. The property is also well connected by public transport, ensuring high tenant demand.
Modern Amenities: All five flats benefit from double glazing and gas central heating.
Current Tenants and Income: All flats are currently tenanted, providing a guaranteed combined annual income of £44,100. With strategic rent adjustments, the potential annual rental income could significantly increase to £60,000, yielding a potential 8% return.
Flat Details:
Flat 1: 479 sq.ft (44.5 sq.m.) - Ground floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 2: 468 sq.ft. (43.5 sq.m.) - Ground floor, 2 double bedrooms, open plan lounge/kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 3: 522 sq.ft. (48.5 sq.m.) - First floor, 2 double bedrooms, large lounge, fitted kitchen, bathroom with bath tub and shower head - £700 pcm
Flat 4: 448 sq.ft. (41.6 sq.m.) - First floor, 1 double bedroom, large lounge, fitted kitchen, bathroom with bath tub and shower head - £750 pcm
Flat 5: 718 sq.ft. (66.7 sq.m.) - Second floor, 2 double bedrooms, large lounge, office area, fitted kitchen, bathroom with bath tub and shower head, 2 storage cabinets - £725 pcm
Total Area: 2,635 sq.ft

Don't Miss Out
Enhance your investment portfolio with this property that promises substantial income and long-term growth. Contact Ocean Residential today to schedule a viewing and secure your stake in this fantastic investment opportunity!