Investment Opportunity Essex CO15 £160,000 - £180,000
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Property Types
Auction date: Wed, 17/02/2016 - 18:30
A substantial freehold mixed use investment comprising 5 first/second floor flats which have been sold on long leases, 2 retail units and a social club all of which have established tenants in situ. In addition, there is an advertising hoarding on the gable end of the property which has been let on an informal basis for £1500 pa. The flats each produce an annual Ground Rent of £50 which is subject to a Rent Review in 2021. With 71 years unexpired, requests for lease extensions are likely in the short to medium term which adds another dimension to this investment.
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ground rent
social club
shop
retail
investment
tenant
landlord
buy to let
south east england
clacton on sea
essex
co15