A total of 8 two bedroom holiday flats within 2 buildings, part let and part for improvement.

This excellent investment comprises 8 holiday flats within 2 blocks with parking to the front and sea views to the rear from the first floors. The properties are located on the Bel Air Estate at Seawick Holiday Park in St Osyth which is located some 5 & 12 miles from Clacton on Sea and Colchester respectively. The 4 flats within one of the blocks are all let on AST’s and produce a combined monthly income of £2130, whilst 2 flats within the other block are ready to let and the remaining 2 are in need of refurbishment. Fully refurbished and with 100% occupancy 12 months a year, these properties could yield around £50,000 per annum which represents over 25% of the Guide Price, however it should be noted that officially there are period of occupancy restrictions and prospective purchasers are advised to consult Tendring District Council in this respect. An interesting and potentially very high yielding investment.

Tenure

Freehold

Viewing

By appointment with the Auctioneer - Please call 01473 558888

Energy Efficiency Rating (EPC)

Current Rating Flat 1: F Flat 1a: F Flat 2: E Flat 2a: F Flat 3: E Flat 3a: F Flat 4: E Flat 4a: F

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

Brabners LLP, Horton House, Exchange Flags, Liverpool L2 3YL, Ref: Andrew O'Mahony, Tel: 0151 600 3000

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.