20 Victoria Road
Chelmsford
Essex
CM1 1GP
1-6 Apartments, Richmond House Plaza
By Auction £1,100,000
10 Bedroom Apartment
*Being Sold By Modern Method Of Auction*
Investment Summary: Six Modern Apartments in Richmond House Plaza, Southend-On-Sea, Essex.
Investment Consideration:
Gross Yield: 8.65%.
Rental Income: £96,000 p.a.
Built in 2004 with off-street access.
4 off-street car parking spaces.
Total NIA 488 sqm (5250sqft).
Tenants in situ.
Located within 0.1 miles from Southend Train Station.
Property Description
A rare opportunity to acquire six stylish and contemporary apartments in the sought-after Richmond House Plaza, ideally located in the vibrant heart of Southend-on-Sea. These beautifully designed apartments offer modern living with a blend of comfort, convenience, and investment potential, just minutes from the Essex coastline and with excellent connections to central London.
Accommodation Breakdown:
Apartment 1: 667sqft - 1 bed
Apartment 2: 882sqft - 2 beds
Apartment 3: 1076sqft - 2 beds
Apartment 4: 1216sqft - 2 beds
Apartment 5: 640sqft - 1 bed
Apartment 6: 769sqft - 2 beds
Total internal sqft: 5250sqft
Tenancy:
Current rental income is £96,000 per annum. Ranging from £1100/month - £1500/month.
Location:
73 Victoria Avenue is situated in Southend-On-Sea, Essex, a vibrant coastal town with excellent transport links. The property is within walking distance of Southend Central and Southend Victoria train stations.
Photos, Floorplan and Virtual Tour are Apartment 5.
*Being Sold By Modern Method Of Auction*
Agents Notes:
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
Energy Efficiency and Environmental Impact
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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