Flats 4, 5 & 6 Marylands, Holland Road, Frinton-on-Sea, Essex, CO13 9ES

Property Details: • Type: Apartment • Tenure: N/A • Floor Area: N/A

Key Features: • Leasehold

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

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

Full Description: FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 26TH FEBRUARY 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

BUY TO LET INVESTMENT: 3 x APARTMENTS WITH INDIVIDUAL LEASES AND A 50% SHARE OF THE FREEHOLD FULLY LET PRODUCING AN ANNUAL INCOME OF £28,260 Three residential apartments within a block of six with large communal gardens with far reaching field views in a very sought after location within Frinton on Sea. Each flat comes with its own garage and the seller informs us that the combined gross rental income is on £2335 per month (£28,260 per annum) which represents a yield of 10.2% of the guide price. 4 Marylands 3 Bedroom Flat-1625 sq.ft. 5 Marylands 2 Bedroom Flat- 904 sq.ft. 6 Marylands 3 Bedroom Flat-1399 sq.ft.

The flats are situated on grounds that extend to 0.8 acres and the flats offer far reaching field views. Flat 4- £900 per month (£10,800 per annum) Flat 5- £780 per month (£9360 per annum) Flat 6- £675 per month (£8100 per annum)

Total- £2355 per month (£28,260 per annum)

We are advised that the freehold of the building is owned by the leaseholders in equal shares meaning this sale will include 50% ownership of the freehold. We are advised by the seller that the annual service and buildings insurance charges for all 3 flats combined are £7925 per annum approximately

Flat 4 - C Flat 5 - C Flat 6 - EBrochuresLegal Documents