• Freehold +
• Strictly by appointment with the Auctioneer +

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 26TH FEBRUARY 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

CARE HOME INVESTMENT: A FREEHOLD DETACHED PROPERTY LET AS A THREE BEDROOM CHILDREN'S HOME (CLASS C2) PRODUCING AN INCOME OF £60,000 PER ANNUM
A freehold detached property with permission granted for a change of use from a residential dwelling(class C3) into a children's home for up to three children(class C2). The property is located in a cul-de-sac with parking and garage also within easy access to the Town Centre and the local shops at Jones Corner. The property has now been let on a new five year FRI lease at the rate of £5,000 PCM (£60,000 PA) It is now considered that the property would be ideal for an investor.
Entrance Hall
Guest WC
Lounge 18'5 x 9'9
Bedroom Four/Manager's Office 12'8 x 9'1
Kitchen/Diner 18'4 x 11'5
First Floor Landing
Bedroom One 14'1 x 12'4
Bedroom Two 13'2 x 10'7
Bedroom Three 13'3 x 9'3
Bathroom/WC
Garage 16'1 x 8'3

The property is let on a new five year FRI lease to a care provider at the rate of £5,000 PCM (£60,00 PA) which gives a yield of over 12.5% of the guide price.
For details on the planning permission please contact Castle Point Borough Council planning department on using the reference 23/0606/FUL
The property has now been equipped and furnished for a children's home. This includes a fire safety system, alarm system, Manager's Office and all bedrooms have beds and furniture.

We have been advised by the seller that he has now let the property to a local care provider at a rate of £5,000 pcm, details of which can be provided.
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