Situated in a prime location in Clacton town centre, this freehold mixed-use investment presents an excellent opportunity with vacant possession (requiring refurbishment). The property comprises a ground-floor retail unit and a three-bedroom self-contained flat above. Following refurbishment, we anticipate a combined rental income of £28,800 PA representing an approximate yield of 11.52%.
Opening paragraph
Accommodation comprises with approximate room sizes as follows:
Entrance door to:
SHOP UNIT
Anticipated Rent – £1,500PCM / £18,000 PA
STAFF ROOM/KITCHEN
STORE
WC
FIRST FLOOR
ROOF TERRACE
FLAT
Anticipated Rent – £900 PCM / £10,800 PA
KITCHEN
BEDROOM THREE
LOUNGE
SECOND FLOOR LANDING
BATHROOM
BEDROOM ONE
BEDROOM TWO
OUTSIDE FRONT
OUTSIDE REAR
AML
ANTI-MONEY LAUNDERING REGULATIONS 2017 – In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.
Agents Note Sales
PLEASE NOTE – Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.
BUSINESS RATES
The property appears in the VOA Ratings List as ‘Shop and premises’ with a Rateable Value of £13,750 (From April 2026), giving approximate Rates Payable of £6,861.25. The rate payer should qualify for partial Small Business Rates Relief (subject to meeting eligibility criteria).
MATERIAL INFO
AGENTS NOTE
1) The property is currently held in an SPV, the shares of which can be purchased (no stamp duty payable).
2) Shop fixtures and fittings can remain subject to negotiation.
