No bars, no signal predictedOne bar, reliable signal unlikelyTwo bars, may experience problems with connectivityThree bars, likely to have good coverage and receive a data rate to support basic web servicesFull bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
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£125,000
Added < 14 days

Property for sale

Rayleigh Road, Benfleet, SS7
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Property
0 bed
0 bath
8,611 sq ft / 800 sq m

Property description & features

  • Tenure: Freehold
Oak Court offers a unique freehold investment opportunity in Thundersley, Benfleet. The property comprises six residential flats, all under lease agreements, with the potential for future development thanks to approved planning permissions. RX465776

Rooms

LOCATION
Oak Lodge is located on Rayleigh Road, Thundersley with easy access to both A127 and A13, local amenities and Virgin Gym.

FREEHOLD
Lease Information: Flats 1, 2, 5, and 6: Held on leases of 199 years from 25th December 1977. Flats 3 and 4: Currently undergoing lease extension to 999 years. Ground rent: Fixed at £25 per flat per year, payable in equal instalments on 25th December and 24th June. The service charge for the flats for YE 31/12/25 is £10,150.00 which is split evenly between the 6 flats.

PLANNING PERMISSION
Approved planning permission has been granted for the addition of two further flats to the property. Full details can be viewed via Castle Point Borough Council's planning portal

TENURE
FREEHOLD - £125,000

VIEWINGS
Internal viewings of the building are strictly via Gilbert & Rose Commercial by appointment. Applicants are welcome to visit the property to view externally and to enquire online or in person via Castle Point Council with regards to the planning permission.

LEGAL COSTS
Each party are to be responsible for their own legal cost incurred in the transaction.

DISCLAIMER
Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.

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    *DISCLAIMER

    Property reference RX465776. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Gilbert & Rose Property - Southend-on-sea.

    OnTheMarket may have applied supplementary data to this property listing, including:

    Broadband availability and predicted speed: obtained from Ofcom on January 12, 2022

    Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:

    Basic: Up to 30 Mbit/s
    Super-fast: Between 30 Mbit/s and 300 Mbit/s
    Ultra-fast: Over 300 Mbit/s

    The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2

    Mobile phone signal availability and predicted strength

    Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:

    Clear: No bars, no signal predicted
    Red: One bar, reliable signal unlikely
    Amber: Two bars, may experience problems with connectivity
    Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
    Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services

    Energy Performance data and Internal floor area

    Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.

    *Call rate information

    Calls to 0843 numbers will be charged at 4p/min from BT landlines. Calls from other networks may vary, and calls from mobiles and outside the UK will be higher. Calls to local numbers beginning with 01, 02 and 03 numbers will incur standard geographic charges from landlines and mobiles.