74 High Street, Clacton on Sea, Essex, CO15 6PW

Property Details: • Type: Commercial Property • Tenure: N/A • Floor Area: N/A

Key Features: • Freehold to include ground rent income from flat above which has been sold on a long lease. • Strictly by appointment with the Auctioneer

Location: • Nearest Station: Clacton Station • Distance to Station: 0.2 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 FREEHOLD FOOD TAKEAWAY WITH STUDIO FLAT FULLY LET FOR £15,000 PA PLUS GROUND RENT FROM FIRST FLOOR FLAT SOLD ON LONG LEASE A freehold building that includes a fast food takeaway, a flat above that is sold on a long lease and a studio flat at the rear that is accessed independently from the shop. The takeaway and the studio flat is fully let to the same tenant for £15,000 per annum. A yield of over 11% of the guide price. Commercial Unit Front Shop and serving Kitchen 24'10" x 13'9" Rear Kitchen area- 22'11" x 8'7" Staff WC- 7'4" x 4'9" Studio Flat Living/Bedroom/Kitchen- 24'6" x 8'6" Shower Room- 9'1" x 4'3" There is a rear courtyard with side access that gives access to a storage shed measuring approximately 11'5" x 10'6" Max (Triangular Shape) as well as independent access to the studio flat and the rear of the commercial premises. We are advised by the seller that the annual rent is £15,000 per annum to include the shop and the residential studio apartment. We are advised there is also a small ground rent income from the flat above. For further details please refer to the legal pack. We are advised by the seller that the current lease is for a term of five years from 20th September 2024. BEnergy Performance CertificatesEPC 1