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Fully Let Investment Property for Auction Essex CO15
Auction Date
25 July 2024
Guide Price
£300,000
Property Summary
Guide Price £300,000. A semi detached freehold building, close to Town Centre and Railway Station. The building contains five self contained flats that are all let on Assured Shorthold Tenancies, producing an income of £2,650 per calendar month (£31,800 per annum), however the seller is in the process of increasing the rent in line with the local authorities LHA rates from April 2024 that will see the annual income increase to over £39,000 which represents a yield just over 13.1% of the guide price.
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