September 2020: Thursday 24 September 2020 - 9:00am
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    Key features

    • Mid terrace mid/corner terrace building
    • Ground floor shop units (1 vacant 1 heads of terms agreed) with 2 self contained flats above (let)
    • Shopping and leisure amenities are available locally on the High Street
    • Clacton Pier and the Clacton Beach are nearby

    Description

    Mid terrace property

    Arranged over three storeys

    Two ground floor shop units

    Two self contained flats above

    Development potential for additional floor and conversion of ground floor shop

    Parking to front

    Additional information

    Tenure

    Freehold

    Accommodation

    103 Ground Floor - Shop Unit,

    103A First / Second Floor - Two/Three Bedroom Flat

    105 - Ground Floor - Shop Unit

    105A - First /Second Floor - Three Bedroom Flat,

    Loft Space

    Tenancy

    103/103A - Let on lease for a term of 7 years from 10/12/2015 at a rent of £16,200 per annum (outstanding review 2018)

    105 - Vacant (Heads of terms agreed at £13,000 per annum)

    105A - Let on an AST tenancy agreement for a term of 1 year from 31/7/19 at a rent of £9,000 per annum (periodic agreement holding over)

    Planning

    Possible development potential for no 105 shop unit to residential use

    Possible development potential for additional floor to comprise 2 x residential units


    Rent

    £25,200 per annum

    Notes

    Extra £13,000 income potential for commencement of lease on no 105

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      No set viewings will be available on this property prior to auction due to the tenants in situ. Please refer to the legal pack for further information.

      No set viewings will be available on this property prior to auction due to safety concerns within the property. Please refer to the legal pack for further information.

      There are no formal viewings for this property. You can visit during commercial trading hours as a customer.

      Local information

      Clacton-on-Sea is a popular seaside in Essex

      The property is situated on the junction of Carnarvon Road and Station Road

      Shopping facilities are available locally on the High Street along with a good selection of cafes bars and restaurants

      Recreational pursuits can be found on the seafront and at Vista Road Recreation Ground

      Nearby road communications are via the A133

      Transport

      Clacton-on-Sea (National Rail)

      Legal documents

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      EPC rating

      If no EPC rating appears please refer to the legal pack.

      Guide prices and common auction conditions

      •Guide prices given are indications within 10% upwards or downwards of where the reserve price may be set at the time of going to print. Please note they are not an indication of the anticipated sale price or a valuation.

      •The reserve price is the minimum price at which the property can be sold.

      •Both the guide price and reserve price may be subject to change up to and including the day of the auction.

      •For unsold properties after an auction an Available price may be listed. This is the price that the seller(s) are looking for post auction, subject to contract and no higher offers, and has no relation to the guide prices listed prior to the auction sale.

      Please note that all prices listed, whether prior to or post auction, are subject to contract.

      The Auctioneers and sellers accept no responsibility for any loss, cost or damage that a buyer may incur as a result of relying on any guide price. It is the buyer's responsibility to decide how much they should bid for any lot. Please check with us for regular updates as guide prices are subject to change prior to the auction.

      The guide price does not include the buyer's fee charged by the auctioneer or VAT which may apply to the sale or other amounts the seller may charge. The seller's Special Conditions of Sale will state whether there are other seller's charges and whether the seller has elected to charge VAT on the sale price.

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