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AGENT'S DETAILS


Clacton-on-Sea - Freehold Unbroken Block of 28 Apartments

For sale: POA|20419 Sq Ft|Flat, Residential

PROPERTY DETAILS

FOR SALEPOA
SIZE20419 Sq Ft
ADDRESS46/48 Oxford Road, Clacton-on-Sea CO15 3TB
TYPEFlat, Residential
TENUREFor Sale Freehold
POSTED ON27th July 2020

DESCRIPTION

Investment Consideration:
Rental Income: £242,000 p.a.
VAT is NOT applicable to this property
Arranged as Two substantial detached blocks of purpose-built apartments
Comprising 28 self-contained units 27 x 2-bedroom and 1 x 1-bedroom units
25 flats have gas central heating and 3 flats have electrical heating
Separately serviced utilities
On site car parking for 29 vehicles
Located on Oxford Road, the property is situated within a 1/4 of a mile from Clacton Train Station with a direct route to London Liverpool Street Station

Property Description:
Two substantial detached blocks of purpose-built apartments comprising 28 self-contained units, 27 x
2-bedroom and 1 x 1-bedroom flats. No.46 comprised of 21 apartments and No.48 of 7 apartments. There is car parking for 29 vehicles onsite with communal garden area and bicycle storage.

The property provides the following accommodation and dimensions:
No. 46
Ground Floor: 6 x 2-bed flats 390 sq m (4,198 sq ft)
First Floor: 6 x 2-bed flats 390 sq m (4,198 sq ft)
Second Floor: 6 x 2-bed flats 390 sq m (4,198 sq ft)
Top Floor: 3 x 2-bed flats 252 sq m (2,713 sq ft)
Total: 1,422 sq m (15,307 sq ft)
No. 48
Ground Floor: 2 x 2-bed flats 130 sq m (1,399 sq ft)
First Floor: 2 x 2-bed flats 130 sq m (1,399 sq ft)
Second Floor: 2 x 2-bed flats 130 sq m (1,399 sq ft)
Top Floor: 1 x 1-bed flat 85 sq m (915 sq ft)
Total: 475 sq m (5,112 sq ft)

Tenancy:
No.46 is fully let on Assured Shorthold Tenancies and generates an income of approximately £182,000 p.a. A full tenancy schedule can be provided upon request.

No.48 is fully let on Assured Shorthold Tenancies and generates an income of approximately £60,000 p.a. A full tenancy schedule can be provided upon request.

Location:
Located on Oxford Road, the property is situated within a 1/4 of a mile from Clacton Train Station with a direct route to London Liverpool Street Station. Clacton has a pleasure pier, arcades, a golf course, caravan parks and an airfield. The town and its beaches are still popular with tourists in the summer and there is an annual entertainment programme including the Clacton Carnival and Clacton Air show. Clacton has a shopping area with many of the usual national chains represented, and a Factory Shopping Village in the north of the town.

LOCATION

Location: 46/48 Oxford Road, Clacton-on-Sea CO15 3TB

Clacton on Sea (0.2 miles)

Thorpe-le-Soken (3.6 miles)

Kirby Cross (4.0 miles)

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