Single bedroom top floor apartment, with access to the loft.
Currently has 70 years remaining on on the lease, we have been informed that extend the lease by a further 99 years, would cost circa £14K-£18K.
The current tenants have been there for over 10 years and the current landlord has not increased rent to reflect market rental rates.
We understand the property can easily command £9,000 - £9,600 on an annually basis.
The property is close Lakeside retail park, and station and all other good transport links.
Similar like for likes and recently sold:
188, Parsonage Road, Grays, Thurrock RM20 4AW. 1 bed, flat. Sold £149,000 in 2019
224, Parsonage Road, Grays, Thurrock RM20 4AW. 1 bed, flat. Sold £153,000 in 2018