Freehold block of FOUR self contained flats
Established, successful, up and running/ready to take over investment opportunity
Ground floor one/two bedroom (inc conservatory) flat
First floor - two 1 bedroom self contained flats
Second floor one bedroom self contained flat
Large rear courtyard/off road parking + shed (rear service road access)
Gas central heating (two c/h boilers) & double glazing
Ideal location - within walking distance of town centre, beach & sea front + train/bus station
All flats currently let (June 2026) with approx yield of 12.5%
Viewings now available - strictly by appointment with 48 hours notice required
EPC Rating D
Council Tax Band A, ELDC
Freehold
A excellent investment opportunity - this freehold block of flats offers an investor the chance to take over an established, up and running block of 4 self contained apartments with a large enclosed rear courtyard/parking area & shed. The location is ideal - just a few minutes walk from the town centre and the sea front, with the train and bus stations a 5 minute walk away. The whole property consists of one large ground floor one/two bedroom flat, two first floor one bedroom flats and a second floor one bedroom flat. Outside there is a small front courtyard and side path/walkway with access to a large enclosed courtyard accessed from the service road behind.
All flats have gas central heating (two central heating boilers) and all benefit from double glazing. All current fire, gas and electric regulations are up to date (as of June 2026).
The flats are individually metered for electric with water and gas being chargeable within the individual rents.
All flats are currently occupied with tenancy agreements. The new owner will retain all rights and responsibilities of the landlord on completion. The current gross yield is approx 12.5%.
| Entrance Hall | ||||
| GROUND FLOOR FLAT | ||||
| Lounge | 4.14m x 3.86m (13'7" x 12'8") | |||
| Kitchen | 3.86m x 3.61m (12'8" x 11'10") | |||
| Inner Hall | ||||
| Bedroom | 3.68m x 2.97m (12'1" x 9'9") | |||
| Rear Hallway | ||||
| Shower Room | 2.44m x 2.16m (8' x 7'1") | |||
| Conservatory | 2.97m x 2.26m (9'9" x 7'5") (Currently used as a bedroom) | |||
| Stairs & First Floor Landing | ||||
| FLAT A | ||||
| Kitchen/Lounge | 3.66m x 3.23m (12' x 10'7") | |||
| Bedroom | 2.67m x 2.44m (8'9" x 8') | |||
| Shower Room | 2.44m x 0.91m (8' x 3') | |||
| FLAT B | ||||
| Kitchen | 3.78m x 2.24m (12'5" x 7'4") | |||
| Bathroom | 2.31m x 1.30m (7'7" x 4'3") | |||
| Lounge | 3.89m x 3.35m (12'9" x 11') | |||
| Bedroom | 3.86m x 2.06m (12'8" x 6'9") | |||
| Stairs & Second Floor Landing | ||||
| FLAT C | ||||
| Kitchen/Lounge | 5.11m x 3.05m (16'9" x 10') | |||
| Bedroom | 2.74m x 2.21m (9' x 7'3") | |||
| Shower Room | 2.74m x 1.40m (9' x 4'7") max width | |||
| Outside | ||||
| Front | ||||
| Rear |
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IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
