Summary - 38 - 40 Cliff Road CO12 3PP
1 bed 1 bath Block of Apartments
**Standout Features:**
- Freehold block of 8 one-bedroom apartments
- Ideal investment with 8.5%–8.9% gross yield
- Current monthly rental income of £4,830, equating to £57,960 annually
- Prime location near town centre and seafront
- 5 off-street parking spaces
- Chain-free sale
**Potential Concerns:**
- Property requires some attention and maintenance
- High local crime rates
- Deprivation classification may impact certain residents
Welcome to an exceptional investment opportunity on Cliff Road in Harwich! This freehold block comprises eight well-appointed one-bedroom apartments, each currently tenanted, generating an impressive annual rental income of £57,960. With a gross yield of between 8.5% and 8.9%, this investment is ideal for those looking to capitalize on the rental market in a prime location near the town centre and seaside.
Residents will appreciate the convenience of nearby amenities, including shopping, dining, and top-rated schools—making it appealing for long-term tenants. The property also offers five valuable parking spaces, a rarity in the area. While there are concerns regarding property maintenance and the local high crime rates, the potential for future renovations could enhance its value and attractiveness. This is a rare chance to secure a profitable asset in a constrained renter market—act quickly before it’s gone!
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