• Leasehold +
• Strictly by appointment with the Auctioneer +

FOR SALE BY PUBLIC AUCTION ON WEDNESDAY, 26TH FEBRUARY 2025 AT 12.00PM. LIVE STREAMED VIA DEDMAN GRAY WEBSITE. BIDDING AVAILABLE BY TELEPHONE, PROXY AND ONLINE

BUY TO LET INVESTMENT: A TWO BEDROOM FIRST FLOOR FLAT WITH BALCONY CLOSE TO SEAFRONT CURRENTLY LET AND PRODUCING AN INCOME ANNUAL INCOME OF £8700
A two bedroom first floor flat with balcony with sea views and allocated parking. The flat is located within Clacton town center close to the seafront and Clacton Pier. The property is currently let and the tenants have resided at the property for around 10 years. A new Tenancy agreement commenced on 1st February 2025 for a minimum period of 12 months at a rent of £725 per month which represents a yield of just under 10% of the guide price.
Communal Entrance
Lounge - 13'5 x 11'9
Kitchen - 8'0 x 5'11
Bedroom One - 12'6 x 10'4
Bedroom Two - 8'6 x 7'9
Shower Room/WC
Balcony
We are advised by the seller that property is achieving a rental income of £725 per month (£8,700 per annum)
999 years from 28th June, 2022 with 997 years remaining
We are advised that there is a service charge of £1032 per annum and a ground rent charge of £250 per annum. Please refer to the legal pack for further information
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