King Georges Avenue, Harwich

Property Details: • Type: Plot • Tenure: FREEHOLD • Floor Area: N/A

Key Features: • Full Planning for 5x flats • GDV Circa £850,000 • Potential Rental Yield of £49,200 PA • Clear Site • 0.27 Acres • Total GIA 3,650 Sq Ft

Location: • Nearest Station: Dovercourt Station • Distance to Station: 0.4186370046178998 miles

Agent Information: • Address: Unit 2, Crusader Business Park, Stephenson Road West, Clacton-On-Sea, CO15 4TN

Full Description: A chance to acquire this Freehold development site with full planning for five self contained flats with parking. Pre-commencement Conditions have been discharged. The site is located in Dovercourt, Harwich close to Asda Supermarket and the Town Centre.<br /><br /><b>The Site</b> - A clear site of 0.27 acres located on King Georges Avenue, Harwich. Comprising 4x 2 bedroom flats at ground and first floor and 1x 1 bedroom flat to second floor. All flats benefit from 2 parking spaces and communal garden.<br /><br /><b>Planning</b> - Full planning approval under reference: 22/01694/FUL<br /><br />We are advised that pre-commencement conditions have been discharged.<br /><br />A full copy of plans available upon request.<br /><br /><b>Gdv</b> - Flat 1 - 2 bedroom ground floor flat - £175,000<br />Flat 2 - 2 bedroom ground floor flat - £175,000<br />Flat 3 - 2 bedroom first floor flat - £175,000<br />Flat 4 - 2 bedroom first floor flat - £175,000<br />Flat 5 - 1 bedroom second floor flat - £150,000<br /><br />Total - £850,000<br /><br /><b>Rent</b> - Flats 1-4 - £850 pcm<br />Flat 5 - £700 pcm<br /><br />total - £4,100 PCM / £49,200 PA<br /><br />