For Sale By Auction | 19:00, 28 March 2018 | Lot 5

Flat 2 & Shops 2 & 3 Bosworth House, High Street, Thorpe-Le-Soken, Clacton-On-Sea, Essex, CO16 0EA

Sold £204,000

  • Mixed Use
  • 1 Bedroom
  • Tenure: Freehold

Call the team on 01206 589 280 for more information

Auction Date

Wed 28/03/2018

Auction Time


Auction Venue

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

Viewing Times:

Wed 14 Mar


Wed 21 Mar


A FREEHOLD MIXED COMMERCIAL/RESIDENTIAL INVESTMENT currently producing £17,888.04 per annum, representing a gross yield of over 9.5% if purchased at guide price.

Situated within the High Street at Thorpe Le Soken is this freehold investment property comprising two ground floor lock up shops and a one bedroom flat above, all currently let and producing a gross yield of 9.5% of the guide price.




Ground Floor: Two lock up shops occupied by the same tenant First Floor Flat: Lounge - 13' x 10'10" (3.96m x 3.30m) Kitchen - 9'6" x 6' (2.90m x 1.83m) Bedroom - 15' x 10'6" (4.57m x 3.20m) Bathroom N.B. - Auction House Essex had not carried out an internal inspection of the property at the time these details were prepared.


The flat is let on an Assured Shorthold Tenancy for 6 months from 1st September 2017, Rent payable £550 pcm. The two shops are leased to one tenant for 5 years from 1st November 2015, Rent payable £940.67 pcm


A buyers premium of 1% plus VAT of the sale price is payable on exchange of contracts.


By appointment with the Auctioneers and at the courtesy of the tenants, Tel: 01206 589280

Energy Efficiency Rating (EPC)

Current Rating Flat - E, Shop 2 - D, Shop 3 - D

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.