For Sale By Auction | 19:00, 06 February 2018 | Lot 3

29 Penfold Road, Clacton-On-Sea, Essex, CO15 1JN

*Guide | £460,000 (plus fees)

  • Block of Apartments
  • 9 Bedrooms
  • Tenure: Freehold

Call the team on 01206 589 280 for more information

Auction Date

Tue 06/02/2018

Auction Time

19:00

Auction Venue

Best Western Marks Tey Hotel London Road, Marks Tey, Colchester, CO6 1DU

Viewing Times:

Thu 11 Jan

11:00-11:30

Fri 19 Jan

10:30-11:00

Thu 25 Jan

10:30-11:00

Sat 27 Jan

10:45-11:15

Fri 2 Feb

11:15-11:45

OF INTEREST TO INVESTORS. A FREEHOLD block of 8 studio flats and a one bedroom flat with a combined RENTAL INCOME of over £49,000 PA.

An excellent investment comprising 8 studios and a one bedroom flat in a block, all of which are currently let, situated close to Clacton Town Centre. Easily accessible to the seafront, town centre, The College of Clacton (Colchester Institute) and a short walk to Clacton Railway Station.

Tenure

Freehold

ACCOMMODATION & TENANCY SCHEDULE

Flat 1 - Ground Floor - Studio - Let at £433 pcm Flat 2 - Ground Floor - Studio - Let at £433 pcm Flat 3 - Ground Floor - Studio - Let at £433 pcm Flat 4 - First Floor - Studio - Let at £450 pcm Flat 5 - First Floor - Studio - Let at £105 per week Flat 6 - First Floor - Studio - Let at £430 pcm Flat 7 - Second Floor - Studio - Let at £430 pcm Flat 9 - Second Floor - One bedroom flat - Let at £500 pcm Flat 10 - Second Floor - Studio - Let at £120 per week

NOTE

At the time of publication Auction House Essex had not made a full and complete internal inspection. Stoneridge Estates would be delighted to assist the purchaser with the Management of this property. Please call them directly to discuss terms. Auction House Essex Limited will charge the buyer a premium of 1%+vat of the purchase price payable on exchange of conatracts

VIEWING

By appointment with the auctioneers Tel: 01206 589280 and at the courtesy of the tenants.

Local Authority

Tendring District Council

Additional Fees

Buyer's Premium - 1.2% inc VAT of the purchase price payable on exchange of contracts.

Administration Charge - £720 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.