Newgate Street, Walton On The Naze

We are pleased to present this Freehold investment opportunity, consisting of two, self-contained flats with a total annual rental income of £13,656 PA representing a yield in excess of 8.2%. Both flats are let on Assured Shorthold Tenancies to long term, reliable tenants.

The property is perfectly located in the heart of the coastal town of Walton, close to railway links (direct to London Liverpool Street), a stone's throw from the golden beaches, restaurants, pier, bus routes, schools, supermarkets, pubs, parks, public swimming pool and more.

Flat 18 - Ground floor studio flat of approximately 520 Sq Ft. Let on an AST at £569pcm.

Lounge Area - 4.78m x 3.84m (15'8 x 12'7) - Two UPVC double glazed windows to front, radiator, built-in cupboard housing gas meter.

Kitchen Area - 3.23m x 2.44m (10'7 x 8') - Range of eye level and base kitchen units, stainless steel sink with chrome mixer taps, rolled edge work surfaces and breakfast bar.

Bedroom Area - 3.23m x 3.10m (10'7 x 10'2) - Radiator, door to:

Utility/Store - 2.51m x 2.16m (8'3 x 7'1) - Tiled floor and walls, Gas boiler, radiator, rear door to a very small outside area (for maintenance). New gas combination boiler installed 2023.

Bathroom - 1.88m x 1.52m (6'2 x 5') - Tiled floor and walls, ceramic low-level W/C, wash basin and panelled bath with shower attachment.

Flat 20 - First floor, one bedroom flat of approximately 390 Sq Ft. Let on an AST at £569pcm.

Landing - Double glazed window to rear, storage cupboard housing new gas combination boiler, installed 2024.

Open Plan Kitchen/Living Area - 4.98m x 4.62m max (16'4 x 15'2 max) - Lounge Area
Large radiator, UPVC double glazed casement window to front (2 opening windows).

Kitchen Area
Range of eye level and base kitchen units, Four-ring hob, built-under oven, resin insert kitchen sink with matching mixer taps, tiled floor.

Bathroom - 2.64m x 1.83m (8'8 x 6') - Low-level ceramic W/C, wash basin and panelled bath with mixer taps, double glazed window to rear, radiator, tiled walls, and floor.

Bedroom - 2.84m x 2.82m (9'4 x 9'3) - Built-in wardrobes, large radiator, UPVC double glazed window to front.

Council Tax - 18 - Band A
20 - Band A

Tenancies - The property will be sold with Tenants in situ. Please contact the office further details on the current terms.

Material Info - Council Tax Band: A
Heating: Gas
Services:
Mains electricity -
Mains gas -
Mains water -
Mains drainage -
Other -
Broadband: Ultrafast Fibre
Mobile Coverage:
O2 - Likely
EE - Limited
Three - Limited
Vodafone - Likely
Construction: Conventional
Restrictions: N/A
Rights & Easements: N/A
Flood Risk:
Rivers & Sea - Very Low
Surface Water - Very Low
Additional Charges: N/A
Seller’s Position: No onward chain
Garden Facing:
Non-Standard Features to note:

Agent Note - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.

Anti Money Laundering - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.