A strong yielding commercial investment with multiple income streams

A most attractive Grade II listed timber framed property divided into three commercial/retail units totalling 1830 sq ft and two residential flats. St Osyth is a desirable Essex village situated some 12 miles to the south east of Colchester, 3 miles west of Clacton on Sea and the property occupies an enviable location directly overlooking Church Square. Two of the three commercial/retail units are let providing an annual yield of £14,150 pa, one operates as a doctor's surgery, the other as a fishing tackle shop and the former hairdressing unit is vacant. The two flats were sold on long leases in 2003 and provide a further ground rent income on £200 pa. A full rental schedule is available within the online legal pack. With a gross yield of 11% at the low guide price we believe this to be a first class freehold investment.

Tenure

Freehold

Viewing

Strictly by appointment with the Auctioneers

Energy Efficiency Rating (EPC)

Current Rating Barber Shop: E Chandlers: D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Tendring District Council. Tel: 01255 686868

Solicitors

Hayward Moon Property Lawyers, Chestnut Court, Wingfield Street, Ipswich IP4 1AR, Ref: Helen Hendry

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ VAT), payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.