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SOLD STC

Old Road, Clacton on Sea

Floorplan
1

Key features

  • RESI/COMMERCIAL PROPERTY
  • FREEHOLD
  • POTENTIAL YIELD OF 8.9%
  • TENANTS IN SITUE
  • C = UNTIL AUGUST 2026
  • R = UNTIL MARCH 2025
  • RESI EPC - E
  • COMM EPC - C

Description

Boydens are pleased to offer this freehold opportunity for a mixed commercial/residential property consisting of a ground floor shop and two bedroom first floor flat situated in Old Road, Clacton on Sea. Old Road is bustling with local cafes, shops and supermarkets and is located on the outskirts of the town centre providing easy access to the seafront and train station.

The shop is currently operating as a tattoo/barber shop and is fixed into a lease until August 2026.

The two bedroom first floor flat is presented in a modern condition and currently has a tenant in a fixed 12 month AST until March 2025.

The property also has the freehold over the attached ground floor flat.

Yields:

At the current rental prices combined of £15,600 per annum, this property would generate a yield of 9.45% if purchased at £165,000.

This investment opportunity is ideal for those looking to expand their portfolio with a property in a convenient location, offering a good yield and a stable tenancy/lease.

ACCOMMODATION:

Shop:-

SHOP FRONT - 14'5 x 14'1
SHOP REAR - 20' x 8'8
WC FACILITIES

Flat:-

ENTRANCE HALL TO STAIRS & LANDING
LIVING ROOM: 14'5 x 10'10
KITCHEN: 12'5 x 8'4
BEDROOM ONE: 10' x 7'10
BEDROOM TWO: 8'9 x 8'
SHOWER ROOM

PARKING TYPE – NO PARKING, ON STREET

UTILITIES:

Gas Central Heating (Flat), Electric heating (Shop)
Mains Electric
Mains Water
Mains Sewerage

Local Authority – Tendring District Council

Construction Type – Brick built

Property Accessibility – stairs to first floor flat

Broadband Availability - Superfast Broadband Available with speeds up to 80mbps (details obtained from Ofcom Mobile and Broadband Checker) - July 2024.

Mobile Coverage – Based on the details obtained from Ofcom Mobile and Broadband Checker, the availability of mobile service is: EE (Voice - Limited, Data - Limited), O2 (Voice - Likely, Data - Likely), Vodafone (Voice - Likely, Data - Likely) & 3 (Voice - Limited, Data - Limited) – July 2024.

Flood Risk - Data Taken from Gov.UK Flood Map.
The property is located in flood zone 1 which means the area has a low probability of flooding from rivers and the sea or surface water - Checked July 2024

Planning Applications in the Immediate Locality - We are not aware of any planning applications in the immediate locality - Checked July 2024

MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
Band: A
PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Old Road, Clacton on Sea

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About Boydens, Frinton-on-Sea

Gordon Suckling House, 73 Connaught Avenue Frinton-On-Sea CO13 9PP
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1Industry affiliation logo 2

Welcome to Boydens Coastal Branch.

We are here to support you on every stage of your home moving journey. As a family business with its roots in the 1960's, Boydens today is a team of committed professionals who work to deliver an exceptional service from Frinton on Sea to Clacton on Sea and all areas in between.

Rely on us for straight-forward advice on all aspects of your property moving journey, whether selling or letting, we have the answers.

We know the areas you want to live in as we live there ourselves, so you can rest assured that when we say we know the area, we really do.

We look forward to helping you - welcome to Boydens.

Your mortgage

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Monthly repayments
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Disclaimer - Property reference 2398839. 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 Boydens, Frinton-on-Sea. 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.

*This is the average speed from the provider with the fastest broadband package available at this postcode. The average speed displayed is based on the download speeds of at least 50% of customers at peak time (8pm to 10pm). Fibre/cable services at the postcode are subject to availability and may differ between properties within a postcode. Speeds can be affected by a range of technical and environmental factors. The speed at the property may be lower than that listed above. You can check the estimated speed and confirm availability to a property prior to purchasing on the broadband provider's website. Providers may increase charges. The information is provided and maintained by Decision Technologies Limited.
**This is indicative only and based on a 2-person household with multiple devices and simultaneous usage. Broadband performance is affected by multiple factors including number of occupants and devices, simultaneous usage, router range etc. For more information speak to your broadband provider.

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