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%.