£475,000
(£118/sq. ft)
15 bed flat for saleTudor Parade, Marlowe Road, Clacton-On-Sea CO15
15 beds
4,040 sq. ft
EPC Rating: D
Just added
Leasehold
About this property
Investment Opportunity
5x 3 Bed Split Level Maisonettes
Income Fully Let Circa £53,000 pa
West Clacton
Sold On New Head Lease
EPCs D/D/C/D/D
** sold prior to marketing ** A unique investment opportunity comprising 5x three bedroom split level maisonettes being sold with a new long Lease of 250 years. 4 of the 5 properties are currently let with a potential yield at full occupancy of circa £53,000 pa.
Location
The property is situated on the north side of Marlowe Road at its junction with Jaywick Lane in a predominantly residential area on the west side of Clacton-on-Sea approximately 0.5 miles to the coast with Colchester being approximately 20 miles to the North-West.
Schedule Of Accommodation
3a - 3 bed maisonette - 808 Sq Ft - £750pcm
4a - 3 bed maisonette - 808 Sq Ft - Vacant (estimated £950pcm)
5a - 3 bed maisonette - 808 Sq Ft - £950pcm
6a - 3 bed maisonette - 808 Sq Ft - £900pcm
7a - 3 bed maisonette - 808 Sq Ft - £900pcm
Total current rent - £3,500pcm
Total projected rent - £4,450pcm
Tenure
Long Leasehold by way of new 250 year lease.
Outgoings
Total outgoings (including ground rent, service charge & insurance) - £2,000 pa per flat
Epc
3a - D
4a - D
5a - C
6a - D
7a - D
Location
The property is situated on the north side of Marlowe Road at its junction with Jaywick Lane in a predominantly residential area on the west side of Clacton-on-Sea approximately 0.5 miles to the coast with Colchester being approximately 20 miles to the North-West.
Schedule Of Accommodation
3a - 3 bed maisonette - 808 Sq Ft - £750pcm
4a - 3 bed maisonette - 808 Sq Ft - Vacant (estimated £950pcm)
5a - 3 bed maisonette - 808 Sq Ft - £950pcm
6a - 3 bed maisonette - 808 Sq Ft - £900pcm
7a - 3 bed maisonette - 808 Sq Ft - £900pcm
Total current rent - £3,500pcm
Total projected rent - £4,450pcm
Tenure
Long Leasehold by way of new 250 year lease.
Outgoings
Total outgoings (including ground rent, service charge & insurance) - £2,000 pa per flat
Epc
3a - D
4a - D
5a - C
6a - D
7a - D
Mortgage calculator
Monthly repayment
£2,376 per month
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More information
Tenure
Leasehold (250 years)
Service charge
Council tax band
Ground rent
Ground rent date of next review
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