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Old Road, Clacton-on-Sea

£125,000

£162.34 per sq ft

Business rates & charges may apply

LAMB & CO PROPERTY LTD, Essex
SIZE AVAILABLE

770 sq ft

72 sq m

SECTOR

High street retail property for sale

Key features

  • Freehold Investment
  • Ground Floor Approx 770 Sq Ft
  • Main Road Location
  • Income - £6,360 PA
  • Flat Lease Approx 62 Years
  • EPC TBC

Description

A Freehold, investment opportunity located in a parade along one of the main roads towards Clacton's town centre. The ground floor shop is currently let with at £6,300 PA. The flat above is sold off on a Leasehold interest with approximately 62 years lease remaining.

Description - A Freehold investment comprising ground floor shop which is currently let at £6,300 PA until September 2025. The flat above is owned separately on a long Leasehold of 99 years from March 1987 and therefore has approximately 62 years remaining.

Shop - Approximately 770 Sq Ft plus rear yard which includes a disused storage shed. The property was rewired and the ceiling soundproofed/fireboarded approximately 5 years ago.

Rateable Value - £3,400 (currently qualifying for 100% Small Business Rate Relief)
Use - Use Class E (shops, offices, restaurants, cafes)
Lease - Currently let at £6,300 PA until September 2025

Flat - Self contained flat to first and second floors is sold off on a long Leasehold

Lease - 99 years from 17/03/1987. Approximately 62 years remaining
Ground Rent - £60 PA

There is a future opportunity to receive a premium for the extension of the lease.

Additional Information - Services: We understand there is gas, electricity, mains water and mains drainage connected to the building
Photos: Internal photos shown were taken prior to current occupation and there has since been alterations and works carried out.

Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.

Energy Performance Certificates

EE RatingEI Rating

Brochures

Old Road, Clacton-on-Sea

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Clacton Station0.3 miles
  • Thorpe-le-Soken Station3.6 miles
  • Weeley Station4.2 miles

About LAMB & CO PROPERTY LTD, Essex

Unit 2, Crusader Business Park, Stephenson Road West, Clacton-on-Sea, Essex, CO15 4TN

Lamb & Co specialise in the sale and letting of all types of commercial property across the Tendring District including; retail, industrial, office, land and development opportunities. Led by Managing Director Callum Lamb with over 17 years of local experience make Lamb & Co your choice for all commercial property matters.

Lamb & Co is a full service property company with dedicated departments for residential sales, lettings, commercial, land & new homes and financial services.

Notes

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Disclaimer - Property reference 32971554. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by LAMB & CO PROPERTY LTD, Essex. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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