Rayleigh Road

Oak Court offers a unique freehold investment opportunity in Thundersley, Benfleet. The property comprises six residential flats, all under lease agreements, with the potential for future development thanks to approved planning permissions. RX465776

LOCATION

Oak Lodge is located on Rayleigh Road, Thundersley with easy access to both A127 and A13, local amenities and Virgin Gym.

FREEHOLD

Lease Information: Flats 1, 2, 5, and 6: Held on leases of 199 years from 25th December 1977. Flats 3 and 4: Currently undergoing lease extension to 999 years. Ground rent: Fixed at £25 per flat per year, payable in equal instalments on 25th December and 24th June. The service charge for the flats for YE 31/12/25 is £10,150.00 which is split evenly between the 6 flats.

PLANNING PERMISSION

Approved planning permission has been granted for the addition of two further flats to the property. Full details can be viewed via Castle Point Borough Council's planning portal https://publicaccess.castlepoint.gov.uk/online-applications/applicationDetails.do?activeTab=documents&keyVal=SF0EXJEI05O00

TENURE

FREEHOLD - OIRO £80,000 - £100,000

VIEWINGS

Internal viewings of the building are strictly via Gilbert & Rose Commercial by appointment. Applicants are welcome to visit the property to view externally and to enquire online or in person via Castle Point Council with regards to the planning permission.

LEGAL COSTS

Each party are to be responsible for their own legal cost incurred in the transaction.

DISCLAIMER

Whilst every care is taken to ensure that these particulars are correct, accuracy is no way guaranteed and none of the information supplied forms part of any contract. Acceptance of these particulars constitutes a contract to the effect that all negotiations for the business or property will be made through Gilbert & Rose otherwise the purchaser will be equally responsible with the vendor for damages equal to the amount of our commission.