Withdrawn
Withdrawn Prior
Sold Prior
Sold Prior
Sold
Sold Post
The property comprises a high yielding mixed use investment opportunity with evident asset management potential.
Arranged as a roadside site with a retail unit to the front and large social club unit to the rear, the property is currently part-let and producing £26,340 per annum.
The social club is let to private individuals on a 10 year lease expiring 31.12.2031 and paying £26,340 per annum.
The retail unit is currently vacant and we consider the property offers immediate asset management potential via letting of this space, with an estimated rental value (ERV) of £35,000 per annum for the whole property when fully let.
The property occupies a prominent position fronting Carnarvon Road and adjacent to the rail station. Carnarvon Road is the principal route connecting Clacton on Sea station to the seafront.
Tenure
Leasehold - Approx. 143 Years Unexpired - Please Refer to Legal Pack
Rent
Notes
Please note any areas provided are approximate. The photos and any drawings are for illustrative purposes only and may not reflect the exact boundary of the property. The property has not been inspected by Savills. Prospective purchasers must rely upon their own enquiries. Please refer to the legal pack.