Block of flats for sale in Oxford Road, Clacton-On-Sea CO15

POA
Block of flats for sale 20,419 sq. ft*

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Clacton-On-Sea - Freehold Unbroken Block Of 28 Apartments Let On Assured Shorthold Tenancies

Interested in this property? Call +44 20 3641 9157 * or Request Details

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Property features

  • Freehold Unbroken Block of 28 Apartments
  • Comprising 28 self-contained units 27 x 2-bedroom and 1 x 1-bedroom units
  • Separately serviced utilities
  • On site car parking for 29 vehicles
  • VAT is not applicable to this property
  • Located on Oxford Road, within a 1/4 of a mile from Clacton Train Station

Property description

Investment Consideration:
Rental income: £242,000 p.a.
VAT is not applicable to this property
Arranged as Two substantial detached blocks of purpose-built apartments
Comprising 28 self-contained units 27 x 2-bedroom and 1 x 1-bedroom units
25 flats have gas central heating and 3 flats have electrical heating
Separately serviced utilities
On site car parking for 29 vehicles
Located on Oxford Road, the property is situated within a 1/4 of a mile from Clacton Train Station with a direct route to London Liverpool Street Station.

Property Description:
Two substantial detached blocks of purpose-built apartments comprising 28 self-contained units, 27 x 2-bedroom and 1 x 1-bedroom flats. No.46 comprised of 21 apartments and No.48 of 7 apartments. There is car parking for 29 vehicles onsite with communal garden area and bicycle storage.

The property provides the following accommodation and dimensions:
No. 46
Ground Floor: 6 x 2-bed flats 390 sq m (4,198 sq ft)
First Floor: 6 x 2-bed flats 390 sq m (4,198 sq ft)
Second Floor: 6 x 2-bed flats 390 sq m (4,198 sq ft)
Top Floor: 3 x 2-bed flats 252 sq m (2,713 sq ft)
Total: 1,422 sq m (15,307 sq ft)

No. 48
Ground Floor: 2 x 2-bed flats 130 sq m (1,399 sq ft)
First Floor: 2 x 2-bed flats 130 sq m (1,399 sq ft)
Second Floor: 2 x 2-bed flats 130 sq m (1,399 sq ft)
Top Floor: 1 x 1-bed flat 85 sq m (915 sq ft)
Total: 475 sq m (5,112 sq ft)

Tenancy:
No.46 is fully let on Assured Shorthold Tenancies and generates an income of approximately £182,000 p.a. A full tenancy schedule can be provided upon request.
No.48 is fully let on Assured Shorthold Tenancies and generates an income of approximately £60,000 p.a. A full tenancy schedule can be provided upon request.

Location:
Located on Oxford Road, the property is situated within a 1/4 of a mile from Clacton Train Station with a direct route to London Liverpool Street Station. Clacton has a pleasure pier, arcades, a golf course, caravan parks and an airfield. The town and its beaches are still popular with tourists in the summer and there is an annual entertainment programme including the Clacton Carnival and Clacton Air show. Clacton has a shopping area with many of the usual national chains represented, and a Factory Shopping Village in the north of the town.

Property info

* Sizes listed are approximate. Please contact the agent to confirm actual size.

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For more information about this property, please contact
Blue Alpine Partners, SW1P on +44 20 3641 9157 * (local rate)

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Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Blue Alpine Partners, and do not constitute property particulars. Please contact Blue Alpine Partners for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.

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