For Sale By Auction | 19:00, 06 February 2018 | Lot 5

Marinor Court, 41 Marine Parade East, Clacton-On-Sea, Essex, CO15 6AD

*Guide | £900,000 (plus fees)

  • Block of Apartments
  • 20 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

10:30-11:00

Fri 19 Jan

11:15-11:45

Thu 25 Jan

11:15-11:45

Sat 27 Jan

11:30-12:00

Fri 2 Feb

12:00-12:30

OF INTEREST TO INVESTORS. A FREEHOLD block of 20 studio flats with a combined RENTAL INCOME of over £104,000 PA.

An excellent investment comprising 20 studio flats in a block, all of which are currently let, situated close to Clacton Sea Front. Easily accessible to the 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 - Let at £100 per week Flat 2 - Ground Floor - Let at £433 pcm Flat 3 - Ground Floor - Let at £433 pcm Flat 4 - Ground Floor - Let at £440 pcm Flat 5 - Ground Floor - Let at £100 pcm Flat 6 - First Floor - Let at £433 pcm Flat 7 - First Floor - Let at £475 pcm Flat 8 - First Floor - Let at £460 pcm Flat 9 - First Floor - Let at £433 pcm Flat 10 - First Floor - Let at £100 per week

ACCOMMODATION & TENANCY SCHEDULE (contd.)

Flat 11 - Second Floor - Let at £455 pcm Flat 12 - Second Floor - Let at £ Flat 13 - Second Floor - Let at £390 pcm Flat 14 - Second Floor - Let at £ Flat 15 - Second Floor - Let at ££433 pcm Flat 16 - Second Floor - Let at £476 pcm Flat 17 - Ground Floor - Let at £433 pcm Flat 18 - Ground Floor - Let at £433 pcm Flat 19 - Ground Floor - Let at £433 pcm Flat 20 - Ground Floor - Let at £325 pcm

NOTE

At 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.