2 bedroom flat for sale
Key information
Property description & features
- Tenure: Freehold
- Resi/commercial property
- Freehold
- Potential yield of 8.9%
- Tenants in situe
- C = until august 2026
- R = until march 2025
- Resi epc e
- Comm epc c
The shop is currently operating as a tattoo/barber shop and is fixed into a lease until August 2026.
The two bedroom first floor flat is presented in a modern condition and currently has a tenant in a fixed 12 month AST until March 2025.
The property also has the freehold over the attached ground floor flat.
Yields:
At the current rental prices combined of £15,600 per annum, this property would generate a yield of 9.45% if purchased at £165,000.
This investment opportunity is ideal for those looking to expand their portfolio with a property in a convenient location, offering a good yield and a stable tenancy/lease.
ACCOMMODATION:
Shop:-
SHOP FRONT - 14'5 x 14'1
SHOP REAR - 20' x 8'8
WC FACILITIES
Flat:-
ENTRANCE HALL TO STAIRS & LANDING
LIVING ROOM: 14'5 x 10'10
KITCHEN: 12'5 x 8'4
BEDROOM ONE: 10' x 7'10
BEDROOM TWO: 8'9 x 8'
SHOWER ROOM
PARKING TYPE – NO PARKING, ON STREET
UTILITIES:
Gas Central Heating (Flat), Electric heating (Shop)
Mains Electric
Mains Water
Mains Sewerage
Local Authority – Tendring District Council
Construction Type – Brick built
Property Accessibility – stairs to first floor flat
Broadband Availability - Superfast Broadband Available with speeds up to 80mbps (details obtained from Ofcom Mobile and Broadband Checker) - July 2024.
Mobile Coverage – Based on the details obtained from Ofcom Mobile and Broadband Checker, the availability of mobile service is: EE (Voice - Limited, Data - Limited), O2 (Voice - Likely, Data - Likely), Vodafone (Voice - Likely, Data - Likely) & 3 (Voice - Limited, Data - Limited) – July 2024.
Flood Risk - Data Taken from Gov.UK Flood Map.
The property is located in flood zone 1 which means the area has a low probability of flooding from rivers and the sea or surface water - Checked July 2024
Planning Applications in the Immediate Locality - We are not aware of any planning applications in the immediate locality - Checked July 2024
MONEY LAUNDERING REGULATIONS - Please be advised that all purchasers will need to adhere to currents laws of money laundering and therefore will need to provide Boydens Estate Agents photographic identification and proof of residency identification before any transaction is started to comply with the legislation
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Property reference 2398839. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Boydens - Coastal.
OnTheMarket may have applied supplementary data to this property listing, including:
Broadband availability and predicted speed: obtained from Ofcom on October 17, 2024
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength: obtained from Ofcom on October 17, 2024
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on October 4, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Any supplementary data should not be relied upon as forming part of any property particulars and OnTheMarket cannot be held responsible for any incorrectness in this data. See here for more information.