82 Rosemary Road, Clacton-on-Sea, Essex, CO15 1TG
- PROPERTY TYPE
Mixed Use
- BEDROOMS
3
- SIZE
Ask agent
Key features
- Freehold
- Strictly by appointment with the Auctioneers
Description
MIXED USE INVESTMENT: A FREEHOLD BUILDING FULLY LET AND PRODUCING AN ANNUAL INCOME OF AROUND £48,000. A YIELD OF AROUND 12% OF THE GUIDE PRICE
A Freehold building located in Clacton town centre comprising of a cafe/coffee shop, a retail outlet and a residential apartment that are all let and producing an annual income of £48,100 per annum. The building also includes a further residential flat that has been sold on a long lease that has only 62 years remaining and therefore not only provides a regular ground rent income of £50 per annum but also could offer a lease renewal payment should the leaseholder wish to extend in the future.
8Od Rosemary Road- Ground floor Retail Outlet- 527 square foot
82 Rosemary Road- £27,000 Ground Floor Cafe/Restaurant- 1431 square foot
80F Rosemary Road- Three bedroom apartment-1270 square foot-including Hallway, Kitchen ,Lounge - (14' x 13') , Bedroom One, (17' x 12') Bedroom Two, (10' x 9') Bedroom Three, (12' x 12'), Shower Room and Family Bathroom.
8Od Rosemary Road- £10,000 per annum
82 Rosemary Road- £27,000 per annum
80F Rosemary Road- £11,100 per annum
82b Rosemary Road- £50 per annum
Total- £48,150
Flat 82b was sold as a long leasehold in September 1988 for a period of 99 years of which there are 62 years remaining.
8Od Rosemary Road- 10 year Lease from October 2017
82 Rosemary Road- 10 year Lease from July 2024
80F Rosemary Road- Assured Shorthold Tenancy
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 182 Rosemary Road, Clacton-on-Sea, Essex, CO15 1TG
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.3 miles
- Thorpe-le-Soken Station4.0 miles
- Kirby Cross Station4.4 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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