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

19:00

Auction Venue

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

Viewing Times:

Wed 14 Mar

12:00-12:30

Wed 21 Mar

12:00-12:30

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.

Tenure

Freehold

ACCOMMODATION

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.

TENANCIES

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

NOTE

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

Viewing

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.