13 Orwell Road, Harwich, Essex, CO12 3LD

Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold • By appointment with the auctioneers

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

Full Description: BUY TO LET INVESTMENT: A FREEHOLD BUILDING CONTAINING 10 FLATS FULLY LET ACHIEVING AN ANNUAL INCOME CLOSE TO £70,000. A 10.4% YIELD OF THE GUIDE PRICE

A five storey freehold building close to Dovercourt seafront and town centre offering sea and park views. The building contains ten residential apartments that are all currently let on assured shorthold tenancies producing an annual income just short of £70,000 per annum which represents a yield of 10.4% of the guide price.

Basement level Flat 1- One bedroom - 345 square ft including kitchen and bathroom Flat 2- Two bedroom- 700 square ft including lounge/kitchen and bathroom

Ground Floor Flat 3 - Studio- 215 square ft kitchenette and bathroom Flat 4- One Bedroom- 506 square ft including lounge/kitchen, bathroom and balcony

First Floor Flat 5- Studio- 226 square ft including kitchen and bathroom Flat 6- Two Bedroom- 506 square ft including lounge/kitchen and bathroom

Second Floor Flat 7-Studio-215 square ft including kitchen and bathroom Flat 8- Two Bedroom-506 square ft including lounge/kitchen, bathroom

Top Floor Flat 9-Studio- 215 square ft kitchen and bathroom Flat 10- Two Bedroom-506 square ft including lounge/kitchen, bathroom The building appears to well maintained and includes spacious communal hallway's with 2 service cupboards one of which includes a WC. There is a small communal garden/ drying area to the rear. We have been advised by the seller that the below rental income is being achieved

Flat 1-£525 per month (£6300 per annum) Flat 2-£750 per month (£9000 per annum) Flat 3-£500 per month (6000 per annum) Flat 4-£600 per month (£7200 per annum) Flat 5-£500 per month (£6000 per annum) Flat 6-£650 per month (£7800 per annum) Flat 7-£450 per month (£5400 per annum) Flat 8-£775 per month (£9300 per annum) Flat 9-£500 per month (£6000 per annum) Flat 10-£575 per month (£6900 per annum)

Total £5825 per month (£69,900 per annum) We understand that the current assured shorthold agreements were set at 6 month tenancy periods. For more information please refer to the legal pack 1-E, 2-C, 3- D, 4-C 5-D 6-C,7-E, 8-C, 9-E 10-DBrochuresLegal Documents