Initial price	£770,000
17/08/24	£750,000
09/10/24	£725,000
Price Change	-5.84%

Ocean Residential presents a lucrative investment opportunity in Westcliff on Sea, offering a prime block of five flats with the freehold for sale at £770,000. The property boasts spacious and bright flats, each with its own entrance, and is situated near Southend Hospital and several schools, making it an attractive location for tenants. The flats are currently tenanted, generating a combined annual income of £44,100, with potential for strategic rent adjustments to increase the annual rental income to £60,000, yielding a potential 8% return. The property features modern amenities, including double glazing and gas central heating, and offers a total area of 2,635 square feet. With the vendor open to sensible offers, this is an excellent chance to invest in a high-potential property and enhance your portfolio.