Property Auctions - auction flat westgate on sea

Auction date: Wed, 24/07/2024 - 11:00

Guide Price £950,000. An attractive seafront block comprising six flats located close to local amenities and the mainline railway station. The flats are arranged over three floors plus a vacant basement which may offer potential for an additional flat, subject to all necessary consents being obtainable. The building sits on a good size plot with parking to the front and there may be potential for further development to the rear, again, subject to all necessary consents being obtainable. There are uninterrupted sea views to the front and, although the majority of flats could do with updating, some have modern fitted kitchens and all have double glazed windows and a gas heating system. It is considered there may be potential to increase the current rents, or the new owner may choose to sell these desirable seafront flats individually. The entire site extends to 0.14 hectares (0.35 acres). Currently let at £57,180 per annum.