10-18 Jackson RoadJackson Road, Clacton-on-sea

The property comprises a freehold, mixed use, investment/development site with multiple value-add opportunities. Arranged as five retail units, one of which includes a rear warehouse, and offices to the first floor, the property is currently vacant except for a single retail unit which is let on a lease producing £5,700 per annum. The property presents an excellent value add opportunity via letting of the vacant units, but has also received a positive pre-app response with a proposed conversion of the upper parts (currently comprising 5 x office suites) into 7/8 self contained HMO studios. We understand minimal works would be required for this conversion, with the upper parts already benefitting from separate electricity meters. The Vendor has confirmed that the successful purchaser will be provided with all plans produced to date regarding this conversion. Clacton-on-Sea is a popular seaside resort town, the property is positioned in an established mixed-use area close to the junction with Pier Avenue, the principal retail amenity. Jackson Road is characterised by a mix of retail and residential use, and a number of residential developments have recently been carried out.