Block of apartments for sale

Carnarvon Road, Clacton-on-Sea

01255 770964

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Key information

Tenure: Freehold

Council tax: Ask agent

Broadband: Super-fast 80Mbps *

Water: Ask agent

Heating: Electric

Electricity: Ask agent

Sewerage: Ask agent

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Property description & features

Tenure: Freehold
Portfolio Investment
32 Apartments
Key Fob Parking
Close to Town Centre
Close to Mainline Railway Station
Sole Agents
Planning for 3 x 3bedroom flats
Current yield 7.0% Gross
Lift to all floors
Sole agents !

Former office building converted into 32 self contained and separately serviced apartments currently let under Assured Short hold Tenancy Agreements ,producing an annual rental income of £334,500 (Yield 7.96%gross on current asking price ). The building consists of 2 x 3 bedroom penthouse apartments, 1 x 4 bedroom apartment, 1 x 3 bedroom apartment, 17 x 2 bedroom apartments and 11 x one bedroom apartments. All benefit from fitted kitchens and bathroom and gas central heating, communal gardens and parking for over 30 spaces to the rear of the building, which is located within walking distance of Clacton's seafront, town centre and railway station. The building is fitted with Wi Fi to all tenants.
Schedule of Tenancy Agreements & Monthly Rents are available upon request.: Building can be brought in the current company name which we understand will reduce the stamp duty payment to 0.5%. Planning permission granted for creation of four new 3 bedroom flats to existing building. Planning number 21/02073/Ful

Agent Notes:
The building is being sold as an unbroken freehold.

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Places of interest

Blake & Thickbroom - Clacton-on-Sea

70 Station Road Clacton-on-Sea, Essex CO15 1SP

01255 770964

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What is your home worth?

Tracey Blake, Steve Thickbroom, John Gallant, Mark Richardson, The four partners of this company have over 100 years combined experience in selling property. Prominent office locations in both Clacton on Sea and Holland on Sea, we aim to provide a high level of service in all areas with our staff being mature professional, competent and fully trained. We can offer you short notice free valuations with realistic and competitive commission rates. Full local and London advertising within Ilford, Romford, Barking and Dagenham areas, accompanied viewings, feedback on viewings, digitally produced full color property brochures with internal and external photographs and floorplans. Comprehensive internet marketing of your property through major property websites, and we offer our own in house independent financial advisor for any free mortgage advice required. All of our valuation staff are mature and experienced with extensive local knowledge. Register your details on our valuations page for a free, no obligation market appraisal.

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*DISCLAIMER

Property reference 9886. 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 Blake & Thickbroom - Clacton-on-Sea.

OnTheMarket may have applied supplementary data to this property listing, including:

Broadband availability and predicted speed: obtained from Ofcom on January 17, 2022

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

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

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.

*Call rate information

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