A Detached Fire Damaged Bungalow in need of Demolition with Potential for Rebuild or Redevelopment.

This double bay fronted three bedroom semi detached house is currently let on an Assured Shorthold Tenancy for a rent of £965 per calendar month. (£11,700 per annum) 

A three bedroomed first floor apartment in a very popular location.

A large property which has been converted into three separate flats over three floors, boasting sea views from the middle and top floor flats. All three flats will need renovation and modernisation.

Full Planning permission was granted on 23rd October 2013 June 2016 for the erection of a two storey detached dwelling with parking. The overall plot measures approximately 366 Sq M and benefits from fields to the side and rear. It is considered that the developed property could be a desirable family home. We are advised by the seller that the local planning department have declared the plot a live site prior to June 2019

The unit is of brick/block construction under a double pitched corrugated sheet roof with a newly covered flat roof above the offices. There are two full height up and over door to the side and rear elevations. Internally the unit has single and three phase electricity, oil warm air heating (not tested) and fluorescent lighting. It is considered that the property could let for approximately £30,000 per annum. A return of approximately 9% of the guide price

The property comprises a ground floor banking hall with office and ancillary accommodation on the first and second floors, forming part only of the branch. The property was comprehensively refurbished in 2008 and benefits from access from the rear. Let on a FRI lease till 2028 at £48,000 per Annum

This two bedroom detached chalet property situated on a double plot and is currently boarded up and in need of improvement

A three Storey former nursing home on a corner plot. The building was converted in 2001 to a mixture of one, two and three bedroom apartments. 8 of the 11 apartments are let on Assured Shorthold Tenancies. The remaining 3 apartments are currently vacant and may require or benefit from some improvements.The property is currently producing a n income of £53,160 however 3 of the apartments are currently vacant and it is considered that with necessary improvements carried out they could be let to produce an additional £23,940 Per Annum.

Full Planning permission was granted on 7th November 2019 for the demolition of the existing buildings and erection of 9 x three bedroom houses. The overall plot measures approximately 0.452 acres with a frontage of approximately 160'. The is located in this desirable location close to clacton seafront. It is considered that the finished properties would be popular family homes and the gross development value has been estimated to be in the region of £3.1m.