A freehold building in Clacton town centre is being sold by public auction on February 26th, 2025, with bidding available by telephone, proxy, and online. The three-storey building contains three residential flats, all fully let on assured shorthold tenancies, producing an annual income of £19,800. The flats are a 2-bedroom flat on the ground floor, a 2-bedroom flat on the first and second floors, and a studio flat on the first floor. The current rental income is £1,650 per month, with a yield close to 9% of the guide price. The property is being sold with vacant possession, and the terms of the current tenancies are outlined in the legal pack.