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£425,000
Station Road, Clacton-on-sea, CO15
- 4 beds
£425,000
- 4 beds
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** GUIDE PRICE ?425,000 - ?450,000 ** Located in Clacton Town Centre, this Freehold investment opportunity comprising ground floor office and three self contained flats offering a yield of ?37,800 PA (when fully occupied).
DESCRIPTION
A Freehold end of terrace building forming part of Arcadian Buildings on Station Road. The ground floor comprises an office of approximately 865 Sq Ft. Side gate gives access to external staircase to communal hall with entrances to two first floor flats and one second floor flat. Externally there is a shared garden to rear.
SCHEDULE OF ACCOMMODATION
52 - Office - 865 Sq Ft - Current rent ?1,125 PCM (Soon to be vacant)52a - second floor flat - two bedroom - current rent ?750 PCM52b - first floor flat - one bedroom - current rent ?600 PCM52c - First floor flat - one bedroom - current rent ?675 PCMThe property is sold with vacant ground floor and tenants in situ in all three flats.
VAT
We are advised that the property is not elected for VAT and therefore the purchase price is not subject to VAT.
VIEWING
Viewing by appointment only.
ADDITIONAL INFORMATION
Services: Electricity, gas, mains water and drainageCouncil Tax: 52a - A 52b - A 52c - ABusiness Rates: The ground floor has a Rateable Value of ?13,000
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