Popular
Total views: 500+
MapRetail property (high street) for sale
Old Road, Clacton-on-Sea CO15
Retail property (high street)
770 sq ft / 72 sq m
Features and description
- Tenure: Freehold
- Freehold Investment
- Ground Floor Approx 770 Sq Ft
- Main Road Location
- Income - £6,360 PA
- Flat Lease Approx 62 Years
- EPC TBC
A Freehold, investment opportunity located in a parade along one of the main roads towards Clacton's town centre. The ground floor shop is currently let with at £6,300 PA. The flat above is sold off on a Leasehold interest with approximately 62 years lease remaining.
Description - A Freehold investment comprising ground floor shop which is currently let at £6,300 PA until September 2025. The flat above is owned separately on a long Leasehold of 99 years from March 1987 and therefore has approximately 62 years remaining.
Shop - Approximately 770 Sq Ft plus rear yard which includes a disused storage shed. The property was rewired and the ceiling soundproofed/fireboarded approximately 5 years ago.
Rateable Value - £3,400 (currently qualifying for 100% Small Business Rate Relief)
Use - Use Class E (shops, offices, restaurants, cafes)
Lease - Currently let at £6,300 PA until September 2025
Flat - Self contained flat to first and second floors is sold off on a long Leasehold
Lease - 99 years from 17/03/1987. Approximately 62 years remaining
Ground Rent - £60 PA
There is a future opportunity to receive a premium for the extension of the lease.
Additional Information - Services: We understand there is gas, electricity, mains water and mains drainage connected to the building
Photos: Internal photos shown were taken prior to current occupation and there has since been alterations and works carried out.
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.
Description - A Freehold investment comprising ground floor shop which is currently let at £6,300 PA until September 2025. The flat above is owned separately on a long Leasehold of 99 years from March 1987 and therefore has approximately 62 years remaining.
Shop - Approximately 770 Sq Ft plus rear yard which includes a disused storage shed. The property was rewired and the ceiling soundproofed/fireboarded approximately 5 years ago.
Rateable Value - £3,400 (currently qualifying for 100% Small Business Rate Relief)
Use - Use Class E (shops, offices, restaurants, cafes)
Lease - Currently let at £6,300 PA until September 2025
Flat - Self contained flat to first and second floors is sold off on a long Leasehold
Lease - 99 years from 17/03/1987. Approximately 62 years remaining
Ground Rent - £60 PA
There is a future opportunity to receive a premium for the extension of the lease.
Additional Information - Services: We understand there is gas, electricity, mains water and mains drainage connected to the building
Photos: Internal photos shown were taken prior to current occupation and there has since been alterations and works carried out.
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.
Property information from this agent
About this agent
Lamb & Co - Commercial
Unit 2, Crusader Business Park, Stephenson Road West
Clacton-on-Sea, Essex
CO15 4TN
01255 481355Our flock of local sales, lettings and land & new homes experts are led by managing director, Callum Lamb who has over 15 years’ experience in the property industry. Callum's expertise and innovation has enabled us to collaboratively pioneer a customer-first premium brand that has become a market leader across the Tendring district. With ambition and heart, we strive to continuously transform our service so we can offer our community the BEST. From consistent and honest communication — to strategic print and digital marketing that widens our reach to a global audience — we're here to excel at providing you with the positive moving experience you deserve. And whilst we have you, we thought we'd mention that as a flock of local people, we're also proud of the Tendring community and love to support and enrich it whenever we can. Just head to our Instagram to see how we collaborate with local charities and businesses.