Crusader Business Park, Stephenson Road West
Clacton-on-sea
Essex
CO15 1SP
Jaywick Lane, Clacton-On-Sea
Offers In Excess Of £1,000,000
Land - Building Plot
- Public House + Development Land
- 1.02 Acres
- Outline Planning for 9x 3 Bed Houses
- GDV - £2.775m + Pub
- Rental Income of £24,000 PA
- EPC B
A unique opportunity to purchase this trading public house which is currently let at £24,000 PA on a plot of approximately 1.02 acres, with the benefit of outline planning permission for 9x three bedroom houses on the land surrounding. We estimate GDV of the new development to be in the region of £2,775,000 (excluding retained pub).
PLANNING
Reference: 24/00440/OUT - Outline Planning Application (all matters reserved) - nine new dwellings.
The scheme permits the squash courts to the rear of the pub to be demolished and the development of 6x 3 bedroom semi-detached houses and 3x 3 bedroom detached houses with 2 parking spaces each.
Approved: 7/11/2024
A full copy of the plans are available upon request.
PREMISES
The Wick Lodge is a long established public house with the benefit of three bedroom accommodation over. Currently let at £24,000 PA (overholding - expired June 2025) and sold with Tenant in situ.
GDV
Plot Description Parking Sq Ft Price £SF
13 bed detached house 2 spaces940£325,000.00£345.74
23 bed semi-detached house2 spaces940£300,000.00£319.15
33 bed semi-detached house2 spaces940£300,000.00£319.15
43 bed semi-detached house2 spaces940£300,000.00£319.15
53 bed semi-detached house2 spaces940£300,000.00£319.15
63 bed semi-detached house2 spaces940£300,000.00£319.15
73 bed semi-detached house2 spaces940£300,000.00£319.15
83 bed detached house 2 spaces940£325,000.00£345.74
93 bed detached house 2 spaces940£325,000.00£345.74
Total GDV - £2,775,000 excluding pub
BUSINESS RATES
The property appears in the VOA rating list with a Rateable Value of £18,000 giving rates payable of approximately £8,982 per annum excluding any applicable rate relief. The liability is currently the responsibility of the Tenant.
This may be subject to revaluation following the demolition of part.
COUNCIL TAX
Council Tax Band - B
EPC
Energy Rating - B (44)
AGENT NOTE
PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
ANTI MONEY LAUNDERING
ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.
Although these particulars are thought to be materially correct their accuracy cannot be guaranteed and they do not form part of any contract.
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