Flat 1-4, 22 Wellesley Road... 5 bed block of apartments for sale

Blake & Thickbroom are pleased to be offering for sale this investment opportunity comprising of a substantial semi-detached house currently converted into four flats, consisting of (3 x one bedroom flats) & (1 x two bedroom split level flat ). The Property is to be sold with Tenants in situ with a current annual rent of £30,000 (7.3% Gross yield on asking price ) In our opinion if the current rents were reviewed the property could potentially produce an increased annual rent of £32,400 (7.9% Gross yield on asking price). The property benefits from communal parking and is conveniently located within walking distance of Clacton's town centre, seafront and mainline railway station.

Agent Notes:
Material information for this property
Tenure is Freehold. Council Tax Band: Flats 1, 2, 3 & 4 Band A. EPC: (Flat 1 - D) (Flat 2 - D) (Flat 3 - D) (Flat 4 - E, It has expired but renewal is in hand)
Services connected
Electricity - Yes
Gas- Yes
Water- Yes
Sewerage Type- Mains
Telephone and Broadband coverage- Unknown
Prospective purchasers should be directed to website Checker.ofcom.org.co.uk to confirm the coverage of mobile phone and broadband for this property.
Any additional property charges - No
Non standard property features to note- Yes
The property underwent conversion from 5 flats into 4 flats planning no: 03/01574/ful

Rooms

COMMUNAL ENTRANCE
Communal entrance door affording access to ground floor flat and 2 x first floor flats. Access to the side leading to additional ground floor flat.

FLAT ONE GROUND FLOOR APARTMENT
Entrance door to kitchen/living/diner. Further door to lobby with access to bedroom and bathroom. Current Rent £600.00 pcm. Potential Rental Value after Review £700.00pcm 48 Sqm EPC D

FLAT TWO GROUND FLOOR APARTMENT
Entrance door to lounge. Further access to kitchen, bedroom and bathroom. Current Rent £650.00pcm. Potential Rental Value after Review £650.00pcm 32 Sqm EPC: D

FLAT THREE ONE BEDROOM FIRST FLOOR APARTMENT
Entrance door to living/kitchen/diner. Further access to bedroom and bathroom. Current Rent £550.00 pcm . Potential Rental Value after Review £575.00 pcm 27 Sqm EPC: D

FLAT FOUR TWO BEDROOM SECOND FLOOR SPLIT LEVEL APARTMENT
Entrance door to entrance hall. Further doors to bedroom and living/kitchen/diner. Stairs to first floor with access to further bedroom and bathroom. Current Rent £700pcm. Potential Rental Value after Review £775.00pcm 54 Sqm

OUTSIDE
The property has communal off road parking to the front. Pedestrian access to the right hand side to the communal gardens.

Tracey Blake, Steve Thickbroom, John Gallant, Mark Richardson, The four partners of this company have over 100 years combined experience in selling property. Prominent office locations in both Clacton on Sea and Holland on Sea, we aim to provide a high level of service in all areas with our staff being mature professional, competent and fully trained. We can offer you short notice free valuations with realistic and competitive commission rates. Full local and London advertising within Ilford, Romford, Barking and Dagenham areas, accompanied viewings, feedback on viewings, digitally produced full color property brochures with internal and external photographs and floorplans. Comprehensive internet marketing of your property through major property websites, and we offer our own in house independent financial advisor for any free mortgage advice required. All of our valuation staff are mature and experienced with extensive local knowledge. Register your details on our valuations page for a free, no obligation market appraisal.

5 bedroom block of apartments for sale

Key information

Features and description

Rooms

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