Call the team on 01702 33 33 99 for more information
OF INTEREST TO INVESTORS WILL BE THIS 17 ROOM PROPERTY WHICH WHEN FULLY LET PRODUCES AN INCOME OF APPROXIMATELY £10,500 PER MONTH, A YIELD OF OVER 18% IF PURCHASED AT GUIDE PRICE
A Freehold property within close proximity of Clacton seafront. The property has recently been converted and extended to create serviced accommodation. There are 5 self contained apartments and 12 double rooms with en-suite shower rooms. The property is being let to both short stay and longer term occupants and produces a monthly gross income of approximately £10,500
4 x Self contained studio flats with fitted kitchens and shower rooms 1 x Ground floor one bedroom flat with doors to courtyard 12 x Double rooms with en-suite shower rooms
Driveway and rear courtyard
For further details relating to the current income please refer to the legal pack.
We are advised that 14 of the 17 rooms are being let on a monthly rate and 3 are being let on a nightly rate. Obviously if more rooms were to be let on a nightly rate then the potential income could be higher.
Strictly by appointment with the Auctioneers and at the courstesy of the tenants - Tel: 01206 589280
Energy Efficiency Rating (EPC)
Current Rating E
Tendring District Council
Buyer's Premium - £1800 inc VAT payable on exchange of contracts.
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of £900 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.