We are pleased to present an ideal freehold investment opportunity, consisting a small. Ground-floor office, two, self-contained, flats, over two floors, consisting of six bedrooms and a large, ground-floor, retail shop. Offered, fully let, with a total annual rental income of £39,200 pa representing a yield of 9.3%.
PLANNING
Shop – Class E commercial, business and service use
44b – Class C3 residential
46b – Class C3 residential
Enquiries concerning any potential alternative uses should be made to Tendring District Council.
BUSINESS RATES/COUNCIL TAX
44-46 (shop) – Rateable Value £12,000
44b – Council Tax Band – A
46b – Council Tax Band – A
TENANCIES
The property will be sold with Tenants in situ. Please contact the office further details on the current terms.
GROUND FLOOR OFFICE
Approximately 80 sq ft let on a yearly basis at £1,200 pa.
The let ends August 2025
Self-contained, small office with stationary cupboards, storage and built-in desks for two people. Wired for telephone line (internet). Above and below desk power sockets. Casement, UPVC, double glazed window and convector radiator.
GROUND FLOOR RENTAL SHOP
Approximately 1,200 sq ft let on a lease at £11,100 pa.
The lease ends March 2028 (the current tenant has occupied for 18 years).
The large, double fronted, shop is perfectly located in the centre of the High Street, surrounded by other, long term trading shops and nearby, chain, supermarkets encouraging additional shoppers to Walton. There is a loading bay directly outside the property for convenient deliveries and loading-up. Walton market opens every Thursday, throughout the year, encouraging more additional customers to the town.
LOCATION
The properties are close to local, independent shops as well as large, chain, supermarkets, nearby railway station with railway links direct to London Liverpool Street, the golden beaches, The Naze, restaurants, pier, bus routes, schools, pubs, parks, public swimming pool, etc. etc.
FLAT ONE
Approximately 1,200 sq ft let on a AST at £1,250 pcm.
Currently let on AST.
Very well presented, bespoke built, residential flat, which has high-end fittings and fixtures throughout.
LOUNGE and DINNING AREA
Open plan lounge and dining area, incorporating a cocktail bar, bespoke utility area. Casement, UPVC, double glazed window and radiator. Five part UPVC, double glazed, bi-fold doors leading to…
ROOF TERRACE
Fully decked with enclosed walled (built-in wall lighting) area, incorporating flower beds and astro-turf lawn.
STAIRWAY and LANDING
Bespoke glass-encased stairway to landing and first and second floors. Casement type, UPVC double glazed window and radiator.
BATHROOM
Bespoke, designer bathroom consisting of; dropped ceilings, floors, and floor to ceiling tiled areas. Jacuzzi, two person bath (with TV), Shower (with TV), his and hers wash basins, in-wall mood lighting and towel warmers. Casement type, UPVC double glazed window and radiator.
KITCHEN
Bespoke, designer kitchen by Porcelanosa, consisting of various cupboards, full length glass doors, internal metal cased draws, and central island. Custom built dropped ceilings. Kupperburch built-in appliances (electric hob, gas hob, griddle, steamer oven, plate warmer, fridge, freezer, double oven). Central island by Porcelanosa, with built-in dishwasher, full stainless worktop incorporating sink with Italian Artize mixer tap. Two radiators and two sash type windows.
BEDROOM ONE
Large double bedroom. Radiator and sash type window.
SECOND FLOOR
BEDROOM TWO
Large double bedroom. Radiator and Velux, double glazed opening window.
BEDROOM THREE
Double bedroom. Radiator and Velux, double glazed opening window.
BEDROOM FOUR (STUDY)
Small double bedroom. Radiator and Velux, double glazed opening window.
FLAT TWO
FIRST FLOOR
In need of modernisation.
KITCHEN
Various floor and wall kitchen units, bespoke kitchen worktop, stainless steel sink and taps.
LOUNGE
Open fireplace. Stairway to first floor. Radiator and two sash type windows.
BEDROOM ONE
Large double bedroom. mRadiator and Velux, double glazed opening window.
BEDROOM TWO
Double bedroom. Radiator and Velux, double glazed opening window.
BATHROOM
Ceramic WC and low-level cistern, bath and vanity wash basin. UPVC double glazed window and radiator.
