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
Tendring District Council
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.