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2 Station Road, Clacton-On-Sea, Essex, CO15

Fixed Price
£880,000

£206.33 per sq. ft.

Business rates & charges may apply

Blue Alpine, London
SIZE AVAILABLE
4,265 sq. ft.
(396 sq. m.)
SECTOR
7 bedroom mixed use property for sale
USE CLASS
Use class orders: A1 Shops and C3 Dwelling Houses
A1, C3

Key features

  • Residential flats 100% Occupancy Rate
  • In same ownership for 45 years
  • located within short walk to Clacton Pier
  • VAT is NOT applicable to this property

Property description

Tenure: Freehold

Investment Consideration:
Rental Income: £45,600 p.a.
ERV: £61,600 p.a. with GIY: 7.00%
VAT is NOT applicable to this property
Comprising a vacant retail shop and 7 self-contained units 4 x 1-bed flats and 3 x studio flats.
Total area size of 396 sq m (4,265 sq ft)
Residential flats 100% Occupancy Rate
In same ownership for 45 years
The property is located within short walk to Clacton Pier, with occupiers nearby including Nat West, McDonalds, Santander and Lloyds Bank, amongst many more.

Property Description:
The property comprises Retail Shop, 4 x 1-Bed and 3 x Studio Flats arranged over Basement, Ground, First, Second, Third, Fourth and Fifth floors with the following accommodation and dimensions:

Ground Floor/Basement: Retail Shop
First Floor: 1 x 1-Bed Flat
Second Floor: 1 x 1-Bed and 1 x Studio Flat
Third Floor: 1 x Studio Flat
Fourth Floor: 1 x 1-Bed
Fifth Floor: 1 x 1-Bed Flat and 1 x Studio Flat
Total area size: 396 sq m (4,265 sq ft)

Tenancies:
The Retail Shop is currently vacant. ERV is £16,000 per annum.
Flat 1 is at present let on AST to an Individual for a term of 12 Months from 17th December 2020 at a current rent of £6,600 per annum. Deposit held of £605.
Flat 2 is at present let on AST to an Individual for a term of 12 Months from 2nd August 2020 at a current rent of £6,300 per annum. Deposit held of £605.
Flat 3 is at present let on AST to an Individual for a term of 12 Months from 16th September 2020 at a current rent of £6,600 per annum. Deposit held of £696.
Flat 4 is at present let on AST to an Individual for a term of 12 Months from 6th August 2020 at a current rent of £6,300 per annum. Deposit held of £525.
Flat 5 is at present let on AST to an Individual for a term of 12 Months from 7th July 2020 at a current rent of £6,600 per annum. Deposit held of £550.
Flat 6 is at present let on AST to an Individual for a term of 12 Months from 23rd January 2021 at a current rent of £6,300 per annum. Deposit held of £525.
Flat 7 is at present let on AST to an Individual for a term of 12 Months from 29th July 2021 at a current rent of £6,900 per annum. Deposit held of £575.

Location:
Clacton-on-Sea is the largest town in the Tendring peninsula and district in Essex, eastern England. The town is served by Clacton-on-Sea railway station (90 minutes to London Liverpool Street station). The town also benefits from its own airport. Clacton has a pleasure pier, arcades, a golf course, caravan parks and an airfield. The town and its beaches are still popular with tourists in the summer and there is an annual entertainment programme including the Clacton Carnival and Clacton Air show. Clacton has a shopping area with many of the usual national chains represented, and a Factory Shopping Village in the north of the town. Castle Building is located within walking short walk to Clacton Pier, amongst retailers such as Nat West, McDonalds, Santander, Lloyds Bank and many more.

Brochures

2 Station Road, Clacton-On-Sea, Essex, CO15

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Clacton Station0.4 miles
  • Thorpe-le-Soken Station4.1 miles
  • Kirby Cross Station4.5 miles

About Blue Alpine, London

83c Ashley Gardens, Thirleby Road, London, SW1P 1HG

Blue Alpine is a leading advisory company that helps clients around the world turn property into a path for growth. We plan and deliver solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. Together, we unlock potential. At Blue Alpine, we believe a comprehensive understanding of a client’s financial goals are key to helping them fulfil their investment expectations. By employing a transparent and consultative approach we can asse

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