Studio Flat For Sale £4,200,000
Former office building converted into 32 self contained and separately serviced apartments currently let under Assured Short hold Tenancy Agreements ,producing an annual rental income of £297,960 (Yield 7.0%gross on current asking price ). The building consists of 2 x 3 bedroom penthouse apartments, 1 x 4 bedroom apartment, 1 x 3 bedroom apartment, 17 x 2 bedroom apartments and 11 x one bedroom apartments. All benefit from fitted kitchens and bathroom and gas central heating, communal gardens and parking for over 30 spaces to the rear of the building, which is located within walking distance of Clacton's seafront, town centre and railway station. The building is fitted with Wi Fi to all tenants.
Schedule of Tenancy Agreements & Monthly Rents are available upon request.: Building can be brought in the current company name which we understand will reduce the stamp duty payment to 0.5%. Planning permission granted for creation of four new 3 bedroom flats to existing building. Planning number 21/02073/Ful
Agent Notes:
The building is being sold as an unbroken freehold.
Schedule of Tenancy Agreements & Monthly Rents are available upon request.: Building can be brought in the current company name which we understand will reduce the stamp duty payment to 0.5%. Planning permission granted for creation of four new 3 bedroom flats to existing building. Planning number 21/02073/Ful
Agent Notes:
The building is being sold as an unbroken freehold.
