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1/4

48-50 Carnarvon Road, Clacton-on-sea

Guide price

£225,000

Auction

Size

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Tenure

Leasehold

EPC

Parking

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Primary use
Other leisure

No floor / site plan

Key features

  • High Yielding Mixed-Use Investment
  • Large Social Club Unit and Retail Unit
  • Social Club Let - 10 Year Lease Expiring 31.12.2031
  • Retail Unit Vacant - Asset Management Potential Via Letting
  • ERV Approx. £35,000 per annum
  • Prominent Pitch Adjacent to Clacton Station
  • Investment Let at £26,340 p.a. (11.7% GIY on Guide Price)
  • ERV Reflects 15% Gross Yield on Guide Price

Description

The property comprises a high yielding mixed use investment opportunity with evident asset management potential.

Arranged as a roadside site with a retail unit to the front and large social club unit to the rear, the property is currently part-let and producing £26,340 per annum.

The social club is let to private individuals on a 10 year lease expiring 31.12.2031 and paying £26,340 per annum.

The retail unit is currently vacant and we consider the property offers immediate asset management potential via letting of this space, with an estimated rental value (ERV) of £35,000 per annum for the whole property when fully let.

The property occupies a prominent position fronting Carnarvon Road and adjacent to the rail station. Carnarvon Road is the principal route connecting Clacton on Sea station to the seafront.
Additional information
Service charge
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Business rates
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Use class
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Listed building
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Leasehold: Ask agent
Tenure
Leasehold
Length of lease
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Energy performance certificate: A

An Energy Performance certificate helps you understand the current energy efficiency of a property.

Read more about EPC requirements

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Environmental data
BREEAM rating

Unclassified

Environmental description
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Read more about energy considerations for commercial property

Brochure

48-50 Carnarvon Road, Clacton-on-sea

NEAREST STATIONS

National Rail

Clacton Station

0.07 miles

National Rail

Thorpe-le-Soken Station

3.75 miles

National Rail

Kirby Cross Station

4.2 miles

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Disclaimer - Property reference A520E2DA-244B-49C3-BCC0-642B9F91E70A. 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 Savills National , Savills Auctions- Commercial. 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.