Flats 1-9 Jackson House, 45 Jackson Road, Clacton on Sea, Essex, CO15 1FG

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

Key Features:

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

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

BUY TO LET INVESTMENT: A HEAD LEASE COMPRISING OF NINE RESIDENTIAL APARTMENTS PRODUCING AN ANNUAL GROSS INCOME OF £71,100 PER ANNUM A head lease within a large building in Clacton town centre containing 9 two bedroom flats that are all let on assured sorthold agreements and achieving a gross income of £5925 per month (71,100 per annum) which represents a gross yield of 15.8% of the guide price. Flat 1 2 bedroom flat- 732 sq.ft. Flat 2- 2 bedroom flat-732 sq.ft. Flat 32 bedroom flat-496 sq.ft. Flat 4-2 bedroom flat- 688 sq.ft. Flat 5- 2 bedroom flat-560 sq.ft Flat 6 2 bedroom flat- 635 sq.ft. Flat 72 bedroom flat 549 sq.ft. Flat 8 2 bedroom flat463 sq.ft. Flat 9 42 bedroom flat- 74 sq.ft.

The flats occupy 4th floor of this building in which the floors below are occupied by Travelodge. It is therefore considered that the properties could be converted/used as short stay accommodation subject to obtaining relevant permissions. Flat 1 2 bedroom flat- £725 per month (£8700 per annum) Flat 2- 2 bedroom flat-£750 per month (£9000 per annum) Flat 32 bedroom flat-£600 per month (£7200 per annum) Flat 4-2 bedroom flat- £725 per month (8700 per annum) Flat 5- 2 bedroom flat-£675 per month (8100 per annum) Flat 6 2 bedroom flat- £610 per month (7320 per annum) Flat 72 bedroom flat- £655 per month (7860 per annum) Flat 8 2 bedroom flat- £655 per month (7860 per annum) Flat 9 -42 bedroom flat- £530 per month (6360 per annum) We are advised that all nine flats are held under a head lease. For further details relating to the lease, ground rent and service charges please refer to the legal pack. For all planning enquiries please contact Tendring District Council on Flat 1- C, Flat 2- D, Flat 3- E, Flat 4- D, Flat 5- B, Flat 6- D, Flat 7 E, Flat 8- B, Flat 9- DBrochuresLegal Documents