Commercial property for sale
Unit 2, 62 Oxford Road, Clacton on Sea, Essex, CO15 3TE
- PROPERTY TYPE
Commercial Property
- SIZE
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Key features
- Leasehold
- Strictly by appointment with the Auctioneers
Description
COMMERCIAL PROPERTY: A VACANT RETAIL PREMISES THAT WAS PREVIOUSLY LET TO A FURNITURE STORE AND PRODUCED AN ANNUAL INCOME OF £13,500.
A vacant ground floor leasehold retail unit located in Clacton-on-Sea that has, until recently, been used as a furniture store. However, it is considered that it could suit a variety of retail uses. There is a car parking space allocated for the shop in the nearby car park and use of the refuse bin enclosure.
The property comprises a modern double-fronted retail unit, with two floors of flats above (not included in the sale). There is a fully glazed street frontage with a single entrance door.The retail area is a large open area with toilets and a small kitchen to the side wall. The property has the following overall dimensions and floor areas:
Gross frontage to Oxford Road 39'
Built depth (maximum) 64'
TOTAL NET RETAIL AREA 2,073 SQ.FT. (192.6 SQ. M.)
The property currently appears in the 2023 Rating List as Shop and Premises, with a rateable value of £10,000. Any occupier will therefore potentially qualify for Small Business Rate Relief.
A 125 year lease commenced on 24th March, 2011 with 110 years remaining
We are advised by the seller that they have been informed by the freeholders that they have not to date nor intend to apply service charges.
It is considered that the property would suit both business seeking owner occupation and buy to let investors and, based on the previously achieved rental income of £13,500 per annum, could achieve a yield of over 12% of the guide price.
We are advised that the original development planning was granted for 4 x commercial properties of which 2 larger units were created instead so It is also considered that this unit could be spit into 2 x separate units in accordance with the original development plans.
B
Brochures
Legal DocumentsEnergy Performance Certificates
EPC 1Unit 2, 62 Oxford Road, Clacton on Sea, Essex, CO15 3TE
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.3 miles
- Thorpe-le-Soken Station3.5 miles
- Kirby Cross Station3.9 miles
Notes
Disclaimer - Property reference 328095. 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 Dedman Gray Auctions, 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.
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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