£1,050,000
(£465.22/sq. ft)
Block of flats for saleHighfield Lodge, 2 Wilson Road, Southend On Sea SS1
2,257 sq. ft
Just added
Freehold
About this property
6 Luxury Apartments
All Fully Furnished
Walking Distance Of Stations
All Apartments Self Contained
In Popular Conservation Area
Super Business/Investment Opportunity
Description
A distinctive building which has been sympathetically converted into 6 luxury apartments, comprising 5 one double bedroom apartments and a larger 2 bedroom apartment. Each is completely self-contained, the one bedroom apartments having an open-plan lounge and kitchen, and the 2 bedroom apartment has the benefit or a large separate kitchen/diner in addition to its lounge. There is a large shared garden to the rear of the property. Having originally been run as serviced apartments for business and holiday lets on a short and long term basis, the apartments are now let on standard Assured Shorthold Tenancies currently generating an income of £61,920 per annum.
Location
In a popular Conservation area and conveniently located adjacent close to Cliff Gardens and within walking distance of the Railway Station and seafront. Other nearby landmarks include the Cliffs Pavilion Theatre and the Towns vibrant night time Restaurant scene and outstanding shopping centre.
Council Tax
The apartments are listed for Council Tax with 5 under band
Method Of Sale
This opportunity comprises the sale of assets only, being the freehold property and fixtures and fittings.
Staff
Given the nature of the business, this requires nominal owner input and could easily be run by a well organised Caretaker/Manager, which makes it ideal for overseas or remote owners/investors as well as anyone with some Hospitality experience.
Energy Performance Certificates
Copies are available on request, with ratings varying from c-e.
Potential
We believe this opportunity has real potential in the hands of a full time operator who has sufficient time to develop the business with a better web presence and more aggressive marketing strategy.
A distinctive building which has been sympathetically converted into 6 luxury apartments, comprising 5 one double bedroom apartments and a larger 2 bedroom apartment. Each is completely self-contained, the one bedroom apartments having an open-plan lounge and kitchen, and the 2 bedroom apartment has the benefit or a large separate kitchen/diner in addition to its lounge. There is a large shared garden to the rear of the property. Having originally been run as serviced apartments for business and holiday lets on a short and long term basis, the apartments are now let on standard Assured Shorthold Tenancies currently generating an income of £61,920 per annum.
Location
In a popular Conservation area and conveniently located adjacent close to Cliff Gardens and within walking distance of the Railway Station and seafront. Other nearby landmarks include the Cliffs Pavilion Theatre and the Towns vibrant night time Restaurant scene and outstanding shopping centre.
Council Tax
The apartments are listed for Council Tax with 5 under band
Method Of Sale
This opportunity comprises the sale of assets only, being the freehold property and fixtures and fittings.
Staff
Given the nature of the business, this requires nominal owner input and could easily be run by a well organised Caretaker/Manager, which makes it ideal for overseas or remote owners/investors as well as anyone with some Hospitality experience.
Energy Performance Certificates
Copies are available on request, with ratings varying from c-e.
Potential
We believe this opportunity has real potential in the hands of a full time operator who has sufficient time to develop the business with a better web presence and more aggressive marketing strategy.
Mortgage calculator
Monthly repayment
£5,252 per month
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