Lamb & Co (Scott Sheen and Partners)
Tel: 01255 422240
Fax: 01255 428943
52 Station Road
Clacton On Sea
Essex
CO15 1SP
Station Road, Clacton-On-Sea
Guide Price £425,000
4 Bedroom Flat
- Freehold Investment
- Shop + Three Flats
- Income of £38,520 PA
- Town Centre Location
- Good Decorative Order
- EPC C/E/D/D
** GUIDE PRICE £425,000 - £450,000 ** Located in Clacton Town Centre, this Freehold mixed-use, investment opportunity comprising ground floor office and three self contained flats above offering a combined yield of £38,520 PA.
DESCRIPTION
A Freehold end of terrace building forming part of Arcadian Buildings on Station Road. The ground floor comprises an office of approximately 865 Sq Ft. Side gate gives access to external staircase to communal hall with entrances to two first floor flats and one second floor flat. Externally there is a shared garden to rear.
SCHEDULE OF ACCOMMODATION
52 - Office - 865 Sq Ft - Current rent £1,125 PCM
52a - second floor flat - two bedroom - current rent £750 PCM
52b - first floor flat - one bedroom - current rent £625 PCM
52c - First floor flat - one bedroom - current rent £710 PCM
The property is sold with tenants in situ.
VAT
We are advised that the property is not elected for VAT and therefore the purchase price is not subject to VAT.
VIEWING
Viewing by appointment only.
ADDITIONAL INFORMATION
Services: Electricity, gas, mains water and drainage
Council Tax: 52a - A 52b - A 52c - A
Business Rates: The ground floor has a Rateable Value of £13,000
3 1/2 years on office lease left
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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