A Twelve Bedroom Hotel Fully Let on an FRI Lease Producing £75,000 per annum

The property comprises a detached Hotel arranged over ground and two upper floors. The ground floor area of the property requires a full program of refurbishment and currently is not in use.

Tenure

Freehold

Location

The property is situated on a predominantly residential road in Clacton-on-Sea a short walk from Clacton Pier comprising in part of Hotels and Guest Houses. The open spaces of Eastcliff Recreation Ground are within easy reach, the property is moments from the seaside, the marina and the Pavillion Fun Park. Transport links are provided by Clacton-on-Sea rail station.

Accommodation

Ground Floor Unmodernised/ Unfurnished First Floor Six Bedrooms Storage Area Second Floor Six Bedrooms

Exterior

The property benefits from off street parking to the front for up to three vehicles and a rear garden.

Tenancy

The property is subject to an FRI Lease for a term of 48 months commencing 15 October 2016 at a rent of £75,000 per annum paid six months in advance.

Current Rent Reserved £75,000 per annum

Viewing Details

Open House Viewings: Monday 3rd April 12:00 - 12:30 Wednesday 5th April 13:30 - 14:00 Saturday 8th April 12:30 - 13:00 Monday 10th April 13:30 - 14:00

Legal Pack Received

False

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.