2 Holiday Flats in Essex For Sale

Situated in a parade, excellent trading position, residential and commercial area, Essex.

Turnover £ 1,000
Price £395,000

Features

2 Self Contained Flats Utilised As Holiday Letting Accommodation or Possible Buy To Let with A Yield of 8%

CCTV (4 Cameras)

5 STAR GOOGLE RATING

9.7 STAR BOOKING.COM RATING

Turnover

The vendor utilises the accomodation for holiday letting. The rental income received is approximately £53,000 p.a. Alternative use: Buy to let with a gross yield of 8%.

Accommodation

The business comprises 2 flats.

Flat 1.

Located on the ground floor comprising; Kardean floor (wood effect), suspended ceiling with LED spotlights. Sound insulation and fire proofed.

Bespoke fully fitted Kitchen / Living room.
Air conditioned Double bedroom with fitted furniture.
Bathroom with bath, separate shower cubicle, toilet and wash hand basin.

Flat 2.

Located on the first floor.

Fitted kitchen.
2 standard double bedrooms.
Large living room.
Bathroom with bath with shower over, toilet and wash hand basin.

On the second floor.

Large double bedroom.
Office / study.

Outside

Exclosed garden to rear.

Drive way to rear with parking for 1 vehicle.

Tenure

FREEHOLD.

Business Rates from April 2025 £1,200 approx. (after small business relief) (Please contact local authority to confirm)

THE BUSINESS HAS BEEN IN THE SAME HANDS SINCE 2020 & OFFERED FOR SALE DUE TO EXCEPTIONAL FAMILY COMMITMENTS.

Price

THE VALUABLE FREEHOLD PROPERTY, GOODWILL, FIXTURES & FITTINGS £395,000 plus STOCK AT VALUATION
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT.

Finance

Subject to status, you maybe able to borrow up to £ 276,500 (freehold) to purchase this business, with a house or additional security you maybe able to borrow the full amount. Free Quote