Flat 1-4, 22 Wellesley Road, Clacton-on-Sea

Property Details: • Type: Block of Apartments • Tenure: N/A • Floor Area: N/A

Key Features: • 1 X TWO BEDROOM FLAT • GAS HEATING • DOUBLE GLAZING • COMMUNAL PARKING & GARDENS • WALK TO TOWN & STATION • SOLE AGENTS ! • POTENTIAL RENTAL INCOME OF £32,400 • POTENTIAL 7.9% GROSS YEILD • 3 X 1 BEDROOM FLATS • INVESTMENT PORTFOLIO

Location: • Nearest Station: N/A • Distance to Station: N/A

Agent Information: • Address: 70 Station Road, Clacton-On-Sea, CO15 1SP

Full Description: Blake & Thickbroom are pleased to be offering for sale this investment opportunity comprising of a substantial semi-detached house currently converted into four flats, consisting of (3 x one bedroom flats) & (1 x two bedroom split level flat ). The Property is to be sold with Tenants in situ with a current annual rent of £30,000 (7.3% Gross yield on asking price ) In our opinion if the current rents were reviewed the property could potentially produce an increased annual rent of £32,400 (7.9% Gross yield on asking price). The property benefits from communal parking and is conveniently located within walking distance of Clacton's town centre, seafront and mainline railway station.Agent Notes:Material information for this propertyTenure is Freehold. Council Tax Band: Flats 1, 2, 3 & 4 Band A. EPC: (Flat 1 - D) (Flat 2 - D) (Flat 3 - D) (Flat 4 - E, It has expired but renewal is in hand)Services connectedElectricity - YesGas- YesWater- YesSewerage Type- MainsTelephone and Broadband coverage- UnknownProspective purchasers should be directed to website Checker.ofcom.org.co.uk to confirm the coverage of mobile phone and broadband for this property.Any additional property charges - NoNon standard property features to note- YesThe property underwent conversion from 5 flats into 4 flats planning no: 03/01574/fulCOMMUNAL ENTRANCECommunal entrance door affording access to ground floor flat and 2 x first floor flats. Access to the side leading to additional ground floor flat.FLAT ONE GROUND FLOOR APARTMENTEntrance door to kitchen/living/diner. Further door to lobby with access to bedroom and bathroom.Current Rent £600.00 pcm. Potential Rental Value after Review £700.00pcm48 Sqm EPC DFLAT TWO GROUND FLOOR APARTMENTEntrance door to lounge. Further access to kitchen, bedroom and bathroom.Current Rent £650.00pcm. Potential Rental Value after Review £650.00pcm32 Sqm EPC: DFLAT THREE ONE BEDROOM FIRST FLOOR APARTMENTEntrance door to living/kitchen/diner. Further access to bedroom and bathroom.Current Rent £550.00 pcm . Potential Rental Value after Review £575.00 pcm27 Sqm EPC: DFLAT FOUR TWO BEDROOM SECOND FLOOR SPLIT LEVEL APARTMENTEntrance door to entrance hall. Further doors to bedroom and living/kitchen/diner. Stairs to first floor with access to further bedroom and bathroom.Current Rent £700pcm. Potential Rental Value after Review £775.00pcm54 SqmOUTSIDEThe property has communal off road parking to the front. Pedestrian access to the right hand side to the communal gardens.BrochuresAgent Brochure