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Freehold Investment with Development Plot & Parking
Address
See address
Auction date
08 Oct 2023
Guide price
£40,000
Type
Other
Tenure
Freehold
EPC Rating
Unknown
Status
Ended
Description
This freehold investment is a detached building comprising four self-contained flats, each with long leases and a side plot that presents development potential, subject to necessary consents. The property is currently let and includes two parking spaces, producing an attractive rental income.
- Freehold tenure
- Detached building with 4 self-contained flats
- Long lease for each flat (125 years)
- Side plot for development: 23' x 110' (7.01m x 33.52m)
- Two parking spaces currently let
- Annual rental income: £1,000 from flats, £960 from parking
Located in Westcliff-on-Sea, this property is ideal for investors looking for long-term income and growth potential. The area benefits from local amenities and excellent transport links, making it a desirable location for tenants. The investment opportunity includes considerations for lease length and rental possibilities.
Last update: 28 Sep 2026
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