** GUIDE PRICE £200,000 – £225,000 ** Located in a prime position along Clacton High Street this Freehold retail unit with potential for conversion of first floor into residential accommodation (STPP). The property comprises approximately 2,050 Sq Ft in total and is offered with vacant possession. With the first floor converted we anticipate a rental yield in the region of £27,000 PA.
GROUND FLOOR 20.90m x 6.76m (68’7 x 22’2)
Approx 1,500 Sq Ft
STORE
STORE 2
FIRST FLOOR
LANDING
OFFICE 3.63m x 3.43m (11’11 x 11’3)
KITCHEN 3.63m x 3.45m (11’11 x 11’4)
STORE 3.05m x 2.26m (10′ x 7’5)
WC 1.80m x 1.80m (5’11 x 5’11)
WC 1.80m x 0.84m (5’11 x 2’9)
BUSINESS RATES
The property appears in the VOA Ratings list with a Rateable Value of £17,750. Giving approximate rates payable of £8,857.25 PA.
VAT
Not elected for VAT
PLANNING
Current permitted use falls within Use Class E (retail). We believe the first floor has potential for conversion to a self contained residential dwelling, enquiries should be made to Tendring District Council planning department.
