MapBlock of apartments
Block of apartments
Key information
Features and description
- 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.
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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Property information from this agent
About this agent
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.