Property for Auction in London - 74 High Street, Clacton-on-Sea, Essex

A Mid Terrace Building Arranged to Provide a Ground Floor Retail Unit, A Rear Studio Flat and a Rear Outbuilding Fully Let Producing £15,000 Per Annum, There is also a First Floor Flat Sold Off on a Long Lease at a Ground Rent of £150 Per Annum. The property comprises a mid terrace building arranged to provide a ground floor retail unit, a first floor flat, a rear studio flat and a rear outbuilding. Tenure Freehold Location The property is situated on a mixed use road close to local shops and amenities. The open spaces of Jaywick Sands Beach are within easy reach. Transport links are provided by Clacton-on-Sea rail station. Accommodation Ground Floor Retail Unit Shop Area Kitchen Staff WC First Floor Flat Not Inspected Rear Flat Ground Floor Studio Room with Kitchen Bathroom Exterior The property benefits from a rear outbuilding with independent access to the studio flat and the rear of the commercial premises. Tenancy The retail unit, studio flat and outbuilding are subject to an IRI lease for a term of 5 years commencing 13th September 2024 at a rent of £15,000 per annum to a tenant trading as Tings n Wings (operating from 3 locations). Deposit held £3,750.

The first floor flat is sold off on a 999 year lease at a ground rent of £150 per annum. Energy Efficiency Rating (EPC) Current Rating B Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.