Savills commercial

48-50 Carnarvon Road, Clacton-on-Sea, CO15 6QA

£225,000 Score 1.0/10

Description

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

Opportunities

Title split (3 units)

Lot details

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

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Indicative analysis from auction-house listing data. Verify with the legal pack and your broker before bidding.