19-21 West Avenue, Clacton on Sea, Essex, CO15 1QU
- PROPERTY TYPE
Commercial Property
- SIZE
Ask agent
Key features
- Freehold
Description
COMMERCIAL INVESTMENT: A FREEHOLD BUILDING CONTAINING 3 LARGE COMMERCIAL PROPERTIES FULLY LET PRODUCING AN INCOME OF £48,300 PER ANNUM
A large 2 storey Freehold commercial building located within Clacton town centre. Part of the ground floor and the whole of the first floor is let to a furniture and a bedroom furniture store The rest of the ground floor is a mobility store. The three leases combined currently produce an income of £4025 per month (£48,300 per annum) A 10.7% Yield of the guide price.
The two furniture stores are currently occupied by the same tenant but with 2 separate leases and companies. Access to Mattress man is via Codgers.
19 & 21a-Codgers Furniture & Mattress Man- 4564 Square foot (424 square metres) over 2 floors including 2 x shop floors 2 x kitchen areas, office and WC's.
21-Easy Mobility Services- 1378 square foot (128 square metres) including shop floor, store room and WC.
19 - Codgers Furniture-£1200 per month (£14,400 per annum)
21a- The Matress Man- £1200 per month (£14,400 per annum)
21- Easy Mobility Services- £1625 per month (19,500 per annum)
Total-£4025 per month- ( £48,300 per annum)
We are advised that all tenants have agreed to new 7 year leases at the same rent that are currently being prepared. For more details please refer to the legal pack.
19/21a- E
21- B
19-21 West Avenue, Clacton on Sea, Essex, CO15 1QU
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.4 miles
- Thorpe-le-Soken Station4.2 miles
- Kirby Cross Station4.6 miles
Notes
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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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