Clacton-on-Sea

  • £4,500,000
Featured For Sale
Clacton-On-Sea
  • Block of Apartments
  • Property Type
Featured For Sale

Clacton-on-Sea

Clacton-On-Sea
  • £4,500,000

Overview

Property ID: HZ9886
  • Block of Apartments
  • Property Type

Description

Former office building converted into 32 self contained and separately serviced apartments currently let under a Assured Short hold Tenancy Agreements and producing an annual rental income of £288,000. 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 apartments benefit from modern fitted kitchens and bathroom and gas central heating, communal gardens and parking for over 30 spaces is offered to the rear of the building, which is located within walking distance of Clacton’s seafront, town centre and mainline railway station. The building is fitted with free 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%.

  • Address Clacton-on-Sea
  • City Clacton-On-Sea
  • Post Code CO15 6QB

Details

Updated on October 5, 2021 at 3:32 pm
  • Property ID: HZ9886
  • Price: £4,500,000
  • Property Type: Block of Apartments
  • Property Status: For Sale

Details :

  • PORTFOLIO INVESTMENT
  • 32 APARTMENTS APPROX YIELD 6.4% PER ANNUM
  • PARKING
  • POTENTIAL FOR FURTHER EXTENSION
  • CLOSE TO TOWN CENTRE
  • CLOSE TO MAINLINE RAILWAY STATION
  • FREE WI FI TO ALL TENANTS
  • SOLE AGENTS
  • INTERNAL IMAGES ARE OF INDIVIDUAL APARTMENTS IN THE BLOCK AND ARE FOR GUILDLINE PURPOSES ONLY

Additional details

  • Property Details: Portfolio Investment
  • Property Details: 32 Apartments
  • Property Details: Approx Yeld 6.75 per Annum
  • Property Details: Key Fob Parking
  • Property Details: Potential for Further Extension
  • Property Details: Close to Town Centre
  • Property Details: Close to Mainline Railway Station
  • Property Details: Sole Agents

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