For Sale By Auction | 10:00, 12 June 2024 | Lot 83

97 & 99 Station Road, Clacton-On-Sea, Essex CO15 1TW

Sold £175,000

  • Takeaway
  • Tenure: Freehold

Call the team on 01473 558 888 for more information

Auction Date

Wed 12/06/2024

Auction Time

10:00

Auction Venue

Livestream Auction

A pair of Freehold retail units in a high profile location.

Situated along a main artery road in the town centre are these 2 self contained retail units each with a parking space. No.97 is currently let on a 12 month licence which is now rolling over and trading as a dog groomers at a rent of £700 per calendar month whilst No.99 was a hot food takeaway at the same rent but is now vacant. With a potential annual yield equating to over 11% based on the low Guide Price we believe this to be a first class investment/end user opportunity.

Tenure

Freehold

Business Rates

According to the Valuation office website: 97 Station Road Clacton has a rateable value of £3,600 with effect from 1st April 2023. 99 Station Road, Clacton has a rateable value of £3,000 with effect from 1st April 2023.

Energy Efficiency Rating (EPC)

Current Rating C, E

Services

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

Local Authority

Tendring District Council

Solicitors

Hanslip Ward and Co (Clacton on Sea), Ref: Dean Campbell, Tel: 01255 434777

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £1140 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

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