3 bedroom block of apartments for sale

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3 bedroom block of apartments for sale

(3)Key Road, Clacton-on-Sea
£225,000

Our Summary

  • Blake & Thickbroom are pleased to be offering for sale this Older style Terraced house , currently converted to provide an excellent investment opportunity ,comprising of (1 bedroom ground floor flat ) & (2 bedroom first floor flat)

Description

This older-style terraced house is being sold as an investment opportunity, comprising of a 1-bedroom ground floor flat and a 2-bedroom first floor flat. The property is currently occupied by tenants, with a current annual rent of £15,900, which translates to a 7% gross yield on the asking price. However, if the current rents were reviewed, the property could potentially produce an increased annual rent of £17,700, which would be a 7.9% gross yield on the asking price. The property is located in an established area on the outskirts of Clacton's town centre, within walking distance of the mainline railway station, offering excellent links to London Liverpool Street. The property is being sold with tenants in situ and is being marketed with the benefit of a 7% gross yield, making it an attractive investment opportunity for prospective buyers.
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