Property Auctions - block of flats

Auction date: Thu, 06/02/2025 - 11:00

Guide Price £250,000+. The property was originally constructed as accommodation for high ranking military officers. It later became a hotel before being converted to form six large self-contained rental apartments, producing investment income. In recent years, the building has suffered from some structural movement, particularly to the front bay window area, though it is considered that the building is very worthy of the repairs required to continue its use as an income producing investment. Freehold with vacant possession.

Auction date: Thu, 06/02/2025 - 11:00

Guide Price £430,000 - £450,000. This terraced property is arranged as five studio flats over the first, second and third floors of these two adjoining Regency properties. Currently let at £46,848 per annum. All flats are sold on a 125-year lease from 29th September 2010 at a current ground rent of £200 per annum each.

Auction date: Thu, 06/02/2025 - 11:00

Guide Price £1,600,000 - £1,700,000. A modern block of twelve two-bedroom flats, currently let at £116,700 per annum - plus vacant flat. All the flats have a modern interior with bay windows to the front and the lower ground floor flats have access to paved terraces to the rear. 

Auction date: Thu, 06/02/2025 - 08:30

Guide price £1,850,000. A substantial vacant freehold four storey purpose built block of 30 self contained flats. The property benefits from having a gas fired central heating system, an intercom door entry system, fire doors, smoke alarms, emergency lighting and an elevator lift system which serves each floor of block 2 and aluminum framed double glazing. May be suitable for redevelopment subject to obtaining the necessary planning consents. The property is located within a mixed-use area. Vacant possession upon completion.

Auction date: Wed, 11/12/2024 - 08:30

Guide price £1,850,000. A substantial vacant freehold four storey purpose built block of 30 self contained flats, which may be suitable for redevelopment subject to obtaining the necessary planning consents. The property benefits from having a gas fired central heating system, an intercom door entry system, fire doors, smoke alarms, emergency lighting and an elevator lift system which serves each floor of block 2 and aluminum framed double glazing. Freehold – Vacant possession upon completion.

Auction date: Thu, 21/11/2024 - 09:00

Guide Price £495,000. A rare opportunity to purchase a freehold block of 10 apartments. The development consists of 3 x 2 beds and 7 x 1 bed apartments offering the potential to generate a healthy and enviable yearly income in excess of £85,000 per annum. The property boasts in excess of 4,500sq ft of lettable accommodation as well as the lower ground floor which could potentially be converted into an additional 4 x 1 bed apartments (stpp) or through the usage of permitted development rights and generate a further £30,000 per annum of rental income. 

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. 

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

Guide Price £460,000 - £470,000. A freehold five bedroom mid-terrace property located in an established residential area within easy reach of the sea front, various local and national retailers and further amenities. Garden to rear. Currently let at £22,380 per annum. Freehold with part vacant possession.

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

Guide Price £330,000 - £350,000. An attractive building situated a short walk from the splendid sandy beach. The building is arranged as six self-contained flats, each separately assessed for council tax, with independent electricity and water supplies. Offering a mix of one and two-bedroom units, the property is considered ideal for addition to an income-producing investment portfolio. Currently let at £28,080 per annum. Previously fully let at £35,360 per annum. Garden to the front and car parking to the rear. Freehold with part vacant possession.

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

Guide Price £725,000 - £750,000. A purpose-built block of six flats, each let on an Assured Shorthold Tenancy Agreement. Approximate rental income £73,000 per annum. The building is located within easy reach of various local and national retailers, the mainline railway station, schools and further amenities. It is considered this substantial investment would suit investors and buy-to-let purchasers looking to add to their existing portfolio. Freehold, subject to the existing tenancies.