57 High Street & 25B Carnarvon Road, Clacton-on-Sea, Essex, CO15 1UQ
- PROPERTY TYPE
Mixed Use
- BEDROOMS
2
- SIZE
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Key features
- By appointment with the auctioneer
Description
MIXED USE INVESTMENT: A FREEHOLD BUILDING CONTAINING A COMMERCIAL PREMISES AND TWO BEDROOM APARTMENT FULLY LET PRODUCING AN INCOME OF £16,600 PER ANNUM. AN 11% YIELD OF THE CURRENT GUIDE PRICE
A Freehold two-storey, end of terrace property of traditional brick construction with a flat felted roof. At ground floor level is a shop with a fully glazed shopfront, and on the first floor is a flat, accessed from a rear passageway leading from Carnarvon Road. The shop also has a rear door into this passageway. The property is fully let and currently producing an annual rent of £16,600 per annum. An 11% Yield of the guide price.
Ground Floor (57, High Street, Clacton CO15 1UQ).
Shop Width 23'3"
Shop Depth 31'6"
Net Retail Area- 732 Square foot. (68 Square meters)
WCs
First Floor (25B, Carnarvon Road, Clacton CO15 6QF).
Accommodation over 850 Square Foot (79 square metres)
with lounge, 2 bedrooms, kitchen and bathroom.
The tenant is Armstrong & North Limited, opticians, and the current rent is £10,000. The lease is effectively full repairing and insuring via a service charge, however the amount of expenditure that the landlord can reclaim is capped at one month's rent per calendar year.
The flat is let to an individual on an Assured Shorthold Tenancy agreement, for twelve months from 1st October 2022. The rent is £550 per calendar month, and there is no deposit held
The shop has an EPC rating of B -49, and the flat E 69. Both certificates are valid until July 2032.
57 High Street & 25B Carnarvon Road, Clacton-on-Sea, Essex, CO15 1UQ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.2 miles
- Thorpe-le-Soken Station4.0 miles
- Kirby Cross Station4.3 miles
Notes
Disclaimer - Property reference 212621. 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 Auctions, 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.
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 Auctions, Essex on 01702 311010.
*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.”
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