** SOLD PRIOR TO MARKETING ** A unique investment opportunity comprising 3x two bedroom maisonettes being sold with a new long Lease of 250 years. The properties are currently let producing a combined income of £30,600 PA.
** SOLD PRIOR TO MARKETING ** A unique investment opportunity comprising 3x two bedroom maisonettes being sold with a new long Lease of 250 years. The properties are currently let producing a combined income of £30,600 PA.
LOCATION
The property is situated above a parade of shops on St Johns Road in a predominantly residential area on the North side of Clacton-on-Sea approximately 1 mile to the coast and Town Centre with Colchester being approximately 18 miles to the North-West.
SCHEDULE OF ACCOMMODATION
407 – 2 bed maisonette – 663 Sq Ft – £850pcm
411 – 2 bed maisonette – 673 Sq Ft – £850pcm
415 – 2 bed maisonette – 721 Sq Ft – £850pcm
Total current rent – £2,550 pcm
TENURE
Long Leasehold by way of new 250 year lease.
OUTGOINGS
Total outgoings (including ground rent, service charge & insurance) – £2,000 PA per flat
EPC
407 – D
411 – C
415 – C