£300,000
(£145.84/sq. ft)
Block of flats for saleSt. Johns Road, Clacton-On-Sea CO16
2,057 sq. ft
About this property
Seaside town
3 residential apartments
Location
The property is located on the corner of St John’s Road and Cloes Lane. St Johns Road is one of the main arterial routes in and out of Clacton-on-Sea, giving the location access into the town centre and out into wider Essex. Locally, the area is predominately residential, with commercial spaces dotted along St Johns Road.
Description
There are 3x2 bedroom apartments, all let on AST's. Access to the flats is via the rear of the property, with external stairs leading up to the first floor.
Price Offers in the region of £300,000 for the long leasehold interest. This represents a low capital value of £145.84 psf, which is less than replacement cost.
Tenancy info
Address Status Bedrooms Sq ft Lease start Lease end Rent
Flat 407, St Johns Road Let 2 663 24/04/2025 23/04/2026 £10,200
Flat 411, St Johns Road Let 2 673 20/01/2021 19/01/2022 £8,400
Flat 415, St Johns Road Let 2 721 26/07/2019 25/01/2020 £10,800
Total 2057 £29,400
VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
The property is located on the corner of St John’s Road and Cloes Lane. St Johns Road is one of the main arterial routes in and out of Clacton-on-Sea, giving the location access into the town centre and out into wider Essex. Locally, the area is predominately residential, with commercial spaces dotted along St Johns Road.
Description
There are 3x2 bedroom apartments, all let on AST's. Access to the flats is via the rear of the property, with external stairs leading up to the first floor.
Price Offers in the region of £300,000 for the long leasehold interest. This represents a low capital value of £145.84 psf, which is less than replacement cost.
Tenancy info
Address Status Bedrooms Sq ft Lease start Lease end Rent
Flat 407, St Johns Road Let 2 663 24/04/2025 23/04/2026 £10,200
Flat 411, St Johns Road Let 2 673 20/01/2021 19/01/2022 £8,400
Flat 415, St Johns Road Let 2 721 26/07/2019 25/01/2020 £10,800
Total 2057 £29,400
VAT The premises are not elected for VAT
EPC Rating tbc
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
Mortgage calculator
Monthly repayment
£1,500 per month
Whole of market comparison
70+ lenders and 10,000+ products
How much could I borrow
In partnership with
The monthly repayments provided are estimates and should be used as a guide only. The actual amount you can borrow will depend on your personal financial situation and subject to a full application. For a more precise estimate, please use the Mojo mortgage calculator. Your home or property may be repossessed if you do not keep up repayments on your mortgage.
.png){kind=logo}