detached residential flats investment for sale
DETACHED RESIDENTIAL FLATS INVESTMENT FOR SALE
73-75 High Street, CLACTON-ON-SEA, Essex, CO15 6PW 01206 577667
|
[email protected]
|
whybrow.net
|
@whybrowproperty
Investment Details
8 Self-Contained Flats Prominent Town Centre Location Eight On Site Car Parking Spaces Potential Rental Income £57,300 Per Annum Exclusive Self Contained Site Recent permission for Flat 8 granted.
Communal Hallway
Forecourt Parking area
Rear Entrance To The Property
Location & Description Clacton-on-Sea is a major coastal resort with a resident population of 50,000, a population that increases significantly during the busy summer months. The town centre contains a range of major multiples around Pier Avenue with various secondary shopping areas off this in Station Road, Rosemary Road and High Street. The subject property is situated some half a mile north of the town centre on the High Street at its junction with Chapman Road, a predominantly residential area. The subject property comprises a block of selfcontained flats on ground and first floors in a building of brick construction with pebble dashed rendering beneath a pitched tiled and part flat roof. The building is set within landscaped grounds with a paved courtyard providing parking for 8 vehicles. Each of the flats provides self-contained accommodation with well-maintained common parts, each flat benefitting from a kitchen, bathroom with panelled bath, WC and wash hand basin, lounge and one to three bedrooms.
Accommodation According to our calculations, the property has the following Dimensions:
Accommodation Flat 1 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom Flat 2 Bedroom 1 Bedroom 2 Bedroom 3 Lounge Kitchen Bathroom Flat 3 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom Flat 4 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom
Dimensions 2.97 x 4 2.9 x 3.15 4.38 x 4.6 2.18 x 2.05 1.8 x 2.9
3.47 x 2 2.38 x 3.46 2.9 x 4.1 4.12 x 3.43 1.88 x 2.28 2.1 x 1.9 3.5 x 2.9 4.1 x 2.9 3.36 x 2.96 2.14 x 2.62 N/A
2.48 2.55 4.17 2.66 2.25
x x x x x
2.76 4.3 3.5 2.37 1.7
Accommodation
Dimensions
Flat 5 Access not provided.
Flat 6 Access not provided.
Flat 7 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom Flat 8 Access not provided. (measurements were undertaken externally)
3.48 x 2.65 2.43 x 2.75 2.7 x 4.46 2.28 x 3.9 1.6 x 1.9
8.53 x 2.7 (GEA)
Services
Tenancies The property is let on Assured Shorthold Tenancies on each flat as follows: Flat
Expiry Date
Rent (PCM)
Flat 1
15/4/16
£600
2
Flat 2
12/6/16
£700
3
Flat 3
17/5/17
£595
2
Flat 4
29/9/14
£625
2
Flat 5
28/4/17
£625
2
Flat 6
26/4/17
£550
1
Flat 7
24/2/17
£600
2
Flat 8
Vacant
£480
Bedsit
Potential Rental Income £4,775pcm (£57,300pa) NB- this assumes that Flat 8 is let at the rent shown.
Bedrooms
We are advised that the property benefits from Mains Water, Drainage & Electricity.
VAT
Value Added Tax (VAT) will be chargeable on this sale at the prevailing rate.
Legal Fees
All parties are to be solely responsible for their own legal costs incurred throughout any transaction.
Energy Performance Certificate
The property is to be assessed.
Terms The investment is offered by way of a Sale at an asking price of £725,000 (Seven Hundred and Twenty Five Thousand Pounds), reflecting a Net Initial Yield of 7.4% having regard to a purchaser costs, once the property is fully let.
Viewings Viewings are available strictly by prior appointment with Whybrow, or their joint agents Fenn Wright(Ref-JG). Please contact the below to arrange a viewing or for further information:
Ewan Dodds BSc FRICS T: 01206 577677 M: 07957 862773 E: [email protected]
For additional details, please visit our website as below.
73-75 High Street, CLACTON-ON-SEA, Essex, CO15 6PW 01206 577667
|
[email protected]
|
whybrow.net
|
@whybrowproperty
Investment Details
8 Self-Contained Flats Prominent Town Centre Location Eight On Site Car Parking Spaces Potential Rental Income £57,300 Per Annum Exclusive Self Contained Site Recent permission for Flat 8 granted.
Communal Hallway
Forecourt Parking area
Rear Entrance To The Property
Location & Description Clacton-on-Sea is a major coastal resort with a resident population of 50,000, a population that increases significantly during the busy summer months. The town centre contains a range of major multiples around Pier Avenue with various secondary shopping areas off this in Station Road, Rosemary Road and High Street. The subject property is situated some half a mile north of the town centre on the High Street at its junction with Chapman Road, a predominantly residential area. The subject property comprises a block of selfcontained flats on ground and first floors in a building of brick construction with pebble dashed rendering beneath a pitched tiled and part flat roof. The building is set within landscaped grounds with a paved courtyard providing parking for 8 vehicles. Each of the flats provides self-contained accommodation with well-maintained common parts, each flat benefitting from a kitchen, bathroom with panelled bath, WC and wash hand basin, lounge and one to three bedrooms.
Accommodation According to our calculations, the property has the following Dimensions:
Accommodation Flat 1 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom Flat 2 Bedroom 1 Bedroom 2 Bedroom 3 Lounge Kitchen Bathroom Flat 3 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom Flat 4 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom
Dimensions 2.97 x 4 2.9 x 3.15 4.38 x 4.6 2.18 x 2.05 1.8 x 2.9
3.47 x 2 2.38 x 3.46 2.9 x 4.1 4.12 x 3.43 1.88 x 2.28 2.1 x 1.9 3.5 x 2.9 4.1 x 2.9 3.36 x 2.96 2.14 x 2.62 N/A
2.48 2.55 4.17 2.66 2.25
x x x x x
2.76 4.3 3.5 2.37 1.7
Accommodation
Dimensions
Flat 5 Access not provided.
Flat 6 Access not provided.
Flat 7 Bedroom 1 Bedroom 2 Lounge Kitchen Bathroom Flat 8 Access not provided. (measurements were undertaken externally)
3.48 x 2.65 2.43 x 2.75 2.7 x 4.46 2.28 x 3.9 1.6 x 1.9
8.53 x 2.7 (GEA)
Services
Tenancies The property is let on Assured Shorthold Tenancies on each flat as follows: Flat
Expiry Date
Rent (PCM)
Flat 1
15/4/16
£600
2
Flat 2
12/6/16
£700
3
Flat 3
17/5/17
£595
2
Flat 4
29/9/14
£625
2
Flat 5
28/4/17
£625
2
Flat 6
26/4/17
£550
1
Flat 7
24/2/17
£600
2
Flat 8
Vacant
£480
Bedsit
Potential Rental Income £4,775pcm (£57,300pa) NB- this assumes that Flat 8 is let at the rent shown.
Bedrooms
We are advised that the property benefits from Mains Water, Drainage & Electricity.
VAT
Value Added Tax (VAT) will be chargeable on this sale at the prevailing rate.
Legal Fees
All parties are to be solely responsible for their own legal costs incurred throughout any transaction.
Energy Performance Certificate
The property is to be assessed.
Terms The investment is offered by way of a Sale at an asking price of £725,000 (Seven Hundred and Twenty Five Thousand Pounds), reflecting a Net Initial Yield of 7.4% having regard to a purchaser costs, once the property is fully let.
Viewings Viewings are available strictly by prior appointment with Whybrow, or their joint agents Fenn Wright(Ref-JG). Please contact the below to arrange a viewing or for further information:
Ewan Dodds BSc FRICS T: 01206 577677 M: 07957 862773 E: [email protected]
For additional details, please visit our website as below.
