Investment Property for sale in Essex

Clacton-on-Sea, Essex


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This business is marketed by

Nationwide Businesses Ltd View more business for sale by this agent

Situted end of parade with seaviews, ESSEX

We understand the Restaurant with accommodation over is let on an 15 years full repairing and insuring lease from January, 2016 at a rental of £9,000 p.a. exclusive of rates up to January, 2019, with rent review at that time and thereafter every 3 years.

As will be appreciated in the event of the second flat is let producing a rental income of £6,400 p.a. the overall rental income would increase to £15,400 p.a.

RECOMMENDED FOR EARLY INSPECTION

The SPACIOUS living accommodation, DOUBLE GLAZED and with FULL GAS FIRED CENTRAL HEATING, comprises:

4 Double Bedrooms (1 with en suite bathroom)
Fully tiled bathroom with bath, w.c. and wash hand basin
Large Lounge
Fully fitted kitchen

In addition included in the sale is a second SELF CONTAINED FLAT, situated on the second floor, comprising:

3 Bedrooms (2 doubles, 1 single)
Bathroom with bath, w.c. and wash hand basin
Lounge
Kitchen

We understand that this flat has been let on a shorthold tenancy to provide an additional rental income of approximately £520 per month.

ASKING PRICE FOR THE VALUABLE FREEHOLD INVESTMENT £218,000 subject to contract
SUBSTANTIAL MORTGAGE TO AN APPROVED APPLICANT
Viewing Strictly by appointment.

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business information

Sale price: £218,000
Tenure : Freehold
Status: Available
Sectors:
Investment Properties
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