Old Road, Clacton-on-Sea

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.