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Carnarvon Road, Clacton-on-Sea

Key features

  • Portfolio Investment
  • 32 Apartments
  • Key Fob Parking
  • Close to Town Centre
  • Close to Mainline Railway Station
  • Sole Agents
  • Planning for 3 x 3bedroom flats
  • Current yield 7.0% Gross
  • Lift to all floors
  • SOLE AGENTS !

Description

Former office building converted into 32 self contained and separately serviced apartments currently let under Assured Short hold Tenancy Agreements ,producing an annual rental income of £334,500 (Yield 7.96%gross on current asking price ). The building consists of 2 x 3 bedroom penthouse apartments, 1 x 4 bedroom apartment, 1 x 3 bedroom apartment, 17 x 2 bedroom apartments and 11 x one bedroom apartments. All benefit from fitted kitchens and bathroom and gas central heating, communal gardens and parking for over 30 spaces to the rear of the building, which is located within walking distance of Clacton's seafront, town centre and railway station. The building is fitted with Wi Fi to all tenants.
Schedule of Tenancy Agreements & Monthly Rents are available upon request.: Building can be brought in the current company name which we understand will reduce the stamp duty payment to 0.5%. Planning permission granted for creation of four new 3 bedroom flats to existing building. Planning number 21/02073/Ful

Agent Notes:
The building is being sold as an unbroken freehold.

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Brochures

Agent BrochureDeveloper Brochure
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.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Yes
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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Energy performance certificate - ask agent

Carnarvon Road, Clacton-on-Sea

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About Blake & Thickbroom, Clacton on sea

70 Station Road, Clacton-On-Sea, CO15 1SP
Welcome to Blake & Thickbroom 

Blake & Thickbroom, one of the area's leading independent family run Estate Agents and Valuers. Established in 2000, by the four partners of the company, Tracey Blake, Steve Thickbroom, John Gallant and Mark Richardson, with over 125 years combined experience in buying and selling properties, knew this would be a winning formula for the running of a successful estate agency.

Over the years, the company has expanded into the lettings market, become a market leader in the new homes sales, forming long term relationships with local and national house builders and been chosen to join a national network "Relocation Agent Network", giving the company access to over 700 independent other Estate Agents across the country. The most recent expansion was in 2010 with the opening of the new Holland on Sea office, which specialises in the sale of properties in the East Clacton and Holland on Sea areas.

Our promise to all our clients, whether buying, selling or letting a property is "hard work" combined with experience and professional advice given at all times from a mature partner led sales team.

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Disclaimer - Property reference 9886. 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 Blake & Thickbroom, Clacton 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.

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