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48-50 Carnarvon RoadClacton-on-sea
- Sole agency
- Leasehold
Key features
- High Yielding Mixed-Use Investment
- Large Social Club Unit and Retail Unit
- Social Club Let - 10 Year Lease Expiring 31.12.2031
- Retail Unit Vacant - Asset Management Potential Via Letting
- ERV Approx. £35,000 per annum
- Prominent Pitch Adjacent to Clacton Station
- Investment Let at £26,340 p.a. (11.7% GIY on Guide Price)
- ERV Reflects 15% Gross Yield on Guide Price
High Yielding Mixed-Use Investment Opportunity Occupying a Prominent Pitch Next to Clacton Station Social Club Let to Private Individuals on a 10 Year Lease Expiring 31.12.2031 Prominent Roadside Retail Unit Currently Vacant Offering Asset Management Potential Via Letting Investment Let at £26,340 per annum
About this property
The property comprises a high yielding mixed use investment opportunity with evident asset management potential. Arranged as a roadside site with a retail unit to the front and large social club unit to the rear, the property is currently part-let and producing £26,340 per annum. The social club is let to private individuals on a 10 year lease expiring 31.12.2031 and paying £26,340 per annum. The retail unit is currently vacant and we consider the property offers immediate asset management potential via letting of this space, with an estimated rental value (ERV) of £35,000 per annum for the whole property when fully let. The property occupies a prominent position fronting Carnarvon Road and adjacent to the rail station. Carnarvon Road is the principal route connecting Clacton on Sea station to the seafront.