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8
Lot 9
10

Flat 1, 43 West Avenue, Clacton-on-Sea, CO15 1HD

Sold for £72,000
1 bed flat, Clacton-on-Sea... needs full refurbishment, could yield 12%+

Property Details

Description

We are pleased to offer this 1 bedroom flat for sale by auction in the Essex seaside town of Clacton-on-Sea.
The property is situated on the North side of West Avenue Road, a stone’s throw from Clacton Waterglade retail park, 0.6 miles from the railway station and an 8 minute walk to the beach.
Within a detached former Guest House, this one bed self-contained ground floor flat is entered via a communal lobby and comprises of: entrance hall, lounge, separate kitchen, bedroom and bathroom. Benefits include double glazing, communal gardens and an allocated parking space.

With the potential to deliver an annual yield in excess of 12%, we believe this Lot provides a strong investment.

Key Features

  • GOOD SIZE
  • GREAT INVESTMENT
  • PERFECT LOCATION
  • RENOVATION OPP.
  • LONG LEASE
  • 12%+ YIELD POTENTIAL
Tenure

Leasehold

EPC

TBC

Viewing

Fri 29 Apr 10:00 - 11:00
Sat 30 Apr 10:00 - 11:00
Wed 4 May 16:00 - 17:00

Solicitors

Ms Sharon Wragg
Kerseys Solicitors
32 Lloyds Avenue
Ipswich
IP1 3HD

Location

Flat 1, 43 West Avenue, Clacton-on-Sea, CO15 1HD

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £720 inclusive of VAT. \rOther fees/disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.