9 Bed Flat For Sale Fairfax Drive, Westcliff-on-Sea, SS0

Investment Opportunity in Westcliff on Sea: Prime Block of Five Flats\r
Price: £770,000 (Vendor Open to Sensible Offers)\r
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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.\r
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Property Highlights:\r
Spacious and Bright Flats: Each flat offers generous space and abundant natural light, making them highly attractive to prospective tenants.\r
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.\r
Modern Amenities: All five flats benefit from double glazing and gas central heating.\r
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.\r
Flat Details:\r
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\r
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\r
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\r
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\r
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\r
Total Area: 2,635 sq.ft\r
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Don't Miss Out\r
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!