2 bedroom ground maisonette for saleKey Road, Clacton-on-Sea, Essex, CO15 3DB
Guide Price* £80,000
- By appointment with the Auctioneers
INVESTMENT OPPORTUNITY: A LEASEHOLD TWO BEDROOM GROUND FLOOR MAISONETTE CURRENTLY LET ON AN ASSURED SHORTHOLD TENANCY AGREEMENT
Located on an established non-estate position close to the Clacton on Sea town centre is this two bedroom maisonette with off street parking and its own private rear garden. It is considered that the property makes an ideal buy to let investment offering an 8.7% return of the guide price. There is an opportunity to extend the Lease to 999 Years or to purchase the Freehold.
Lounge - 11'5 x 11'4
Kitchen - 11'3 x 9'1
Bedroom One - 11'4 x 7'6
Bedroom Two - 11'5 x 6'10
The property is currently let on an Assured Shorthold Tenancy Agreement producing an annual income of £6,960.
The property is subject to a lease of 99 years from the date of 25th December 1988 with 72 years remaining. We have been informed by the Freeholder that an extension to 999 Years would cost around £8,000 and to purchase the Freehold of the property would cost around £15,000.
Map & Street View
Street View is unavailable in this location
Disclaimer - Property reference 54514. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Dedman Gray Auction, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Dedman Gray Auction, Essex on 01702 311010.
Map data ©OpenStreetMap contributors.