Initial price	£40,000
31/10/24	£35,000
Price Change	-12.50%

This freehold ground rent investment comprises two flats, one on the ground floor and one on the first floor, within a two-storey terraced house located on St Helen's Road, close to the high street, shops, bars, restaurants, and Westcliff-on-Sea Railway Station. Each flat has a 99-year lease from 1986, with a current ground rent of £100 per annum that will increase to £150 from 2052 until the end of the term. The leaseholders have been served Section 5B Notices under the Landlord & Tenants Act 1987, which means they have not reserved their rights under the legislation. The property is being sold subject to the Common Auction Conditions and Special Conditions of Sale.