High Street, Thorpe-Le-Soken

Property Details: • Type: 5,363 sq ft • Tenure: N/A • Floor Area: N/A

Key Features: • Commercial Investment • 15x Offices/Storage Units • Fully Let Yield of £72,638.90 PA • 13/15 Units Currently Occupied • Thorpe-Le-Soken • EPC B (The Factory) E (The Works)

Location: • Nearest Station: Thorpe-le-Soken Station • Distance to Station: 0.7 miles

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

Full Description: ** GUIDE PRICE £650,000 - £700,000 ** A unique opportunity to acquire this high yielding, commercial investment in the village of Thorpe-Le-Soken. The property is currently producing £61,598.90 PA with an anticipated yield of £72,638.90 at full occupancy. The opportunity comprises a recently converted factory offering 6 individual offices, a second building split into 6 offices and 3 storage units as well as a large car park.The Property - Comprising two buildings with a total lettable area of approximately 5363 Sq Ft. 13 of the 15 spaces are currently let.The Factory - A two storey detached former factory which was converted approximately 6 years agoThe Works - A single storey detached buildingSite - Approximately 0.43 acres in total, comprising three separate titles.Location - The site is located in a recessed position off of the High Street in the village of Thorpe-Le-Soken. Accessed via two entrances from the High Street. Thorpe-Le-Soken is a village in the Tendring District of North Essex with a population of circa 2,500, well served by amenities and situated between Weeley & Frinton-on-Sea.Schedule - A full schedule of current tenancies is available upon request.Vat - We are advised that the property is elected for VAT and therefore VAT will apply to the purchase price.Business Rates - Offices are rated individually for Business Rates and are the liability of the Tenants.Services - We understand that mains electricity, water and drainage are connected. Heating to The Factory via LPG.Agents Note Sales - PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.Aml - ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.