52-54 Connaught Avenue, Frinton-on-Sea, Essex, CO13 9PR

Property Details: • Type: Mixed Use • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold • By appointment with the auctioneers

Location: • Nearest Station: Frinton Station • Distance to Station: 0.4 miles

Agent Information: • Address: 103 The Broadway, Thorpe Bay, Essex, SS1 3HQ

Full Description: 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

MIXED USE INVESTMENT: A PART LET FREEHOLD BUILDING WITH LARGE GROUND FLOOR COMMERCIAL UNIT AND 2 RESIDENTIAL APARTMENTS ABOVE. An attractive double fronted freehold building in this prime location within the popular seaside town of Frinton on Sea. The ground floor commercial unit is currently vacant but was previously let as a restaurant. One of the apartments is currently let and one of the apartments is vacant offering further potential rental income. We understand planning was granted in 2016 for further extensions to provide four x 1 bedroom flats. 52-54 Connaught Avenue Ground Floor commercial premises -1765 sq.ft. 52A Connaught Avenue Two Bedroom Flat-667 sq.f.t 54a Connaught Avenue Three Bedroom Flat-1206 sq.ft.

If the building was fully let for the rents previously achieved it would produce an income of around £51,000 per annum which would represent a yield of 11.3% of the guide price. It is however considered that the vacant apartment would achieve a higher rent which would increase the income and yield further. 52- Vacant- Previously let at £2817 per month (£33,804 per annum) 52a- Vacant- Previously let at £675 per month (£8100 per annum) 54a- £775 per month (9300 per annum) For further details relating to previously granted permission in 2016 please visit the Tendring district council planning portal using the reference 15/01033/FUL. 52-54-B 52AD 54aEBrochuresLegal DocumentsEnergy Performance CertificatesEPC 1EPC 2EPC 3