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2, Edith Road, Clacton-on-sea, CO15 1JU

COMMERCIAL BUY TO LET INVESTMENT: A FREEHOLD PROPERTY THAT WILL BE FULLY LET OFFERING AN INCOME OF £65,000 PER ANNUM. A 9.3% YIELD...
Location: 2 Edith Road, CO15 1JU
Property type: Flat, Residential
Tenure type: For Sale Freehold
Tenancy type: Investment
**Unsold, but is available at £770,000**

COMMERCIAL BUY TO LET INVESTMENT: A FREEHOLD PROPERTY THAT WILL BE FULLY LET OFFERING AN INCOME OF £65,000 PER ANNUM. A 9.3% YIELD OF THE GUIDE PRICE.

This Freehold property located within close proximity to Clacton seafront has recently been converted and extended to create serviced accommodation. There are 5 self contained apartments and 12 double rooms with en-suite shower rooms. The property is to be let to an accommodation management company for a term of two years at an annual rent of £65,000.

Tenure
Freehold

Accommodation
4 x Self contained studio flats with fitted kitchens and shower rooms

1 x ground floor 1 bedroom flat with doors to courtyard.

12 x double rooms with en suite shower rooms.

Rear Courtyard

Driveway

Lease Details
We area informed that there will be a new lease available on completion of the sale to a property management company for a term of 2 years. We are informed that under the terms of the new lease the rental income will be £65,000 per annum. For further details relating to the lease please refer to the legal pack.

Viewing
By appointment with the Auctioneers

Please contact us for more information
Email: auction@dedmanauctions.com

Tel: 01702 311010
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