Apartment
DRAFT DETAILS - Potential rental income in excess of £10,000 per annum offering a yield of over 8% return - a very attractive proposition for any investor !!
Clacton on Sea is the largest town on the Essex sunshine coast. It is a bustling seaside resort boasting an array of entertainment facilities including the iconic pier, shopping amenities and an outlet village. Transport links make Clacton extremely accessible with the A133 road link into and out of town towards the A12, regular train links into London Liverpool St Station and busy airfield.
The auctioneers have not inspected the property but believe it to comprise -
Stairs to first floor.
Access to loft space, radiator, double glazed window to front.
Double glazed window to front, radiator.
Double glazed window to front, radiator.
Comprising of low level wc, pedestal wash basin.
Double glazed window to rear, radiator.
Double glazed window to side, radiator.
Shower cubicle, low level wc, pedestal wash basin, chrome heated towel rail, two double glazed windows to side, airing cupboard.
Stainless steel single bowl and drainer sink unit with cupboards under, matching base and eye level cupboards, roll top work surfaces, built in oven hob and extractor fan, space for washing machine and fridge freezer, radiator, double glazed window and door to rear with stair case outside leading down to communal garden.
To the rear there is a garden which is shared between the two apartments. There is off road parking.
Leasehold.
Auction Details:
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees:
The following deposits and non- refundable auctioneer’s fees apply:
- 5% deposit (subject to a minimum of £5,000)
- Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information:
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
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