St. Osyth Road, Clacton-On-Sea £215,000

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  • FREEHOLD INVESTMENT OPPORTUNITY
  • CURRENTLY RECEIVING £14,000 P/A (APPROX 6.5% YIELD)
  • CURRENT LEASE RUNS TO JULY 2032
  • LAUNDERETTE & MAISONETTE
  • VIEWINGS BY APPOINTMENT
  • COUNCIL TAX BAND : A EPC : D (MAISONETTE)

Bonds of Essex are pleased to offer for sale the freehold interest of this mixed use property. The property is current let under a 20 year with 5 yearly rent reviews. Currently the rent is £14000 P/A (approx 6.5% yield) The ground floor is a launderette with ancillary rooms behind (service area, boilers, small garden) The first floor is a self contained TWO bedroom maisonette. The property is current let.


Rooms

Laundrette - 31' 4'' x 12' 8'' (9.54m x 3.86m)

Main shop area, glazed shop window and door.

Kitchen area - 17' 5'' x 10' 5'' (5.30m x 3.17m)

Kitchen sink, doors to :

W.C.

Service Room - 23' 2'' x 9' 9'' (7.06m x 2.97m)

Boiler Room - 20' 0'' x 5' 10'' (6.09m x 1.78m)

Storage Room - 7' 6'' x 6' 3'' (2.28m x 1.90m)

Outside Area

Self Contained Maisonette

Living Room - 12' 11'' x 11' 4'' (3.93m x 3.45m)

Double glazed window to front. Door to :

Hallway - 24' 2'' x 2' 9'' (7.36m x 0.84m)

Bedroom 2 - 13' 10'' x 5' 9'' (4.21m x 1.75m)

Window to side.

Bedroom 1 - 13' 8'' x 11' 7'' (4.16m x 3.53m)

Window to side, radiator.

Bathroom

Window to side. Three piece suite comprising of panelled bath with shower over, vanity wash hand basin, low level W.C.

Kitchen/Breakfast Room - 10' 11'' x 10' 5'' (3.32m x 3.17m)

Window to side, wall mounted gas central heating boiler (not tested) Wood effect fitted kitchen, oven and gas hob over, space for appliances.

Lease information

The property has a 20 year lease agreed in July 2012, so there is over 10 years remaining. The current 5 year lease was renewed on the 23rd of July 2017 and is due for review on the 23rd of July 2022. The current rent is £14,000 PA The full details of the lease agreement should be checked by your legal advisor.


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EPC

Floorplans (Click to Enlarge)

Nearby Places

Name Location Type Distance
St. Osyth Road
Clacton-On-Sea CO15 3ES
County: Essex
Sale Type: For Sale
Ref #: BOND1139
Hannah McCreath
Bonds of Essex Ltd
 
  01255 420222