A desirable mixed use Freehold investment with enhanced income potential
This Grade II Listed premises comprises two tenanted retail units, four flats sold on long leases and a car park with 13 spaces.
Thorpe-le-Soken is an attractive Essex village some 5 miles equidistant from Clacton and Frinton-on-Sea and offers a range of amenities along with a railway station linking with London Liverpool Street.
The two retail units are trading as a Barbers and Hairdressing and Tanning Salon and both let on 6 year leases from 2017 at rents of £350 pcm (£4,200 pa) and £400 pcm (£4,800 pa) respectively. The barbers has the use of two parking spaces and the Salon one.
The four flats have all been sold on 99 year leases from 1987 each paying a Ground Rent of £50 pa. They too each have the use of one parking space. With the leases having around 66 years remaining there is also a reversionary interest to this Lot.
The adjoining cottages also each have the use of one parking space which leaves four unallocated and could be let to owners of nearby homes or businesses.
Buyer's Premium: 1.2% (inc VAT) of the purchase price
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
This auction lot is now closed.
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