An excellent freehold residential investment producing £750 pcm

In a non-estate location on the western side of town is this first class freehold residential investment comprising an older style 3 bedroom detached bungalow with a small cottage style garden and parking space. Clacton on Sea is a popular seaside town situated some 19 miles to the south east of Colchester and offers a good range of shopping, schooling and recreational facilities. The property is presented in good order throughout and has just been let on a 6 month AST at £750 pcm which expires on 18th July 2016. With a yield representing nearly 8% at the low end of the Guide Price we believe this would be a strong addition to any rental portfolio.

Tenure

Freehold

Viewing

Open days - dates and times to be confirmed

Energy Efficiency Rating (EPC)

Current Rating 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. Tel: 01255 686868

Solicitors

Fisher Jones Greenwood Solicitors, Essex House, 98 Pier Avenue, Clacton on Sea, Essex CO15 1NJ, Ref: Jo Millar, Tel: 01255 323103

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.