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St Josephs Court Defoe Parade 35 Unit Apartment Building For Sale Grays RM16 4QR
Investment Highlights
- Site area extends to approx. 0.7 acres (0.28 ha)
- Site has a rental income of approximately £500,000 per annum
- Detached four and three storey building
- Freehold disposal structured as a transfer of an on-going concern of an extra care facility for over 55s in one freehold block
- For sale via Private Treaty
- Located within the residential area of Chadwell St Mary
Executive Summary
The property currently comprises a four and three storey, detached purpose built affordable living accommodation, comprising 35 flats. The main parking area is located to the east of the site and offers 15 spaces for residents. An additional front parking area provides 4 spaces, including one disabled bay. The property also benefits from a communal garden and internal communal facilities.
Property Facts
| Sale Type | Investment | Total Plot Size | 0.70 ac |
| Tenure | Freehold | Property Size | 24,100 sq ft |
| No. Units | 35 | No. Floors | 4 |
| Property Type | Build-to-Rent | Year Built | 1960 |
| Property Subtype | Apartment | Tenancy | Single |
| Apartment Style | Mid-Rise | Parking Allocation | 0.54/1,000 sq ft |
| Costar Property Class | C |
| Sale Type | Investment |
| Tenure | Freehold |
| No. Units | 35 |
| Property Type | Build-to-Rent |
| Property Subtype | Apartment |
| Apartment Style | Mid-Rise |
| Costar Property Class | C |
| Total Plot Size | 0.70 ac |
| Property Size | 24,100 sq ft |
| No. Floors | 4 |
| Year Built | 1960 |
| Tenancy | Single |
| Parking Allocation | 0.54/1,000 sq ft |
Amenities
Site Amenities
- Storage Space
Unit Mix Information
| Description | No. Units | Avg. Rent pcm | sq ft |
|---|---|---|---|
| 1+1 | 13 | - | 200 |
| 2+1 | 22 | - | 200 |
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St Josephs Court | Defoe Parade
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