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Commercial property for sale

West Avenue, Clacton On Sea

£325,000

£167.70 per sq ft

Business rates & charges may apply

LAMB & CO PROPERTY LTD, Essex
SIZE AVAILABLE

1,938 sq ft

180 sq m

SECTOR

Commercial property for sale

Key features

  • Freehold Investment
  • Two Retail Units Producing £29,000 PA
  • Ground Rent Income £400 PA
  • Town Centre
  • Approx Total Yield 9%
  • EPC C/D

Description

Freehold commercial investment in a prime position in Clacton town centre. The property comprises two retail units to the ground floor producing £29,000 PA, plus ground rent income of £400 PA from 4x flats above (sold off on long leasehold).

Opening Paragraph - Accommodation comprises with approximate room sizes as follows:

Entrance door to:

10 West Avenue - Currently achieving £13,500 per annum. Approx 1,111 Sq Ft (including basement)

Storage -

Kitchen -

Basement -

8 West Avenue - Currently achieving £15,500 per annum. Approx 827 Sq Ft (plus basement)

Kitchen Two -

Basement -

Uppers - 4x flats to upper floors sold off on long leasehold. Total ground rent income of £400 PA.

Outside Front -

Brochures

West Avenue, Clacton On Sea

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Clacton Station0.4 miles
  • Thorpe-le-Soken Station4.1 miles
  • Kirby Cross Station4.5 miles

About LAMB & CO PROPERTY LTD, Essex

Unit 2, Crusader Business Park, Stephenson Road West, Clacton-on-Sea, Essex, CO15 4TN

Lamb & Co specialise in the sale and letting of all types of commercial property across the Tendring District including; retail, industrial, office, land and development opportunities. Led by Managing Director Callum Lamb with over 17 years of local experience make Lamb & Co your choice for all commercial property matters.

Lamb & Co is a full service property company with dedicated departments for residential sales, lettings, commercial, land & new homes and financial services.

Notes

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Disclaimer - Property reference 34406802. 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 LAMB & CO PROPERTY LTD, 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.

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