2 bedroom flat for sale

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2 bedroom flat for sale

Gerard Road, Clacton-On-Sea, Essex CO16
£125,000

Our Summary

  • There is potential to sell the property as vacant possession also
  • Potential For Vacant Possession

Description

This two-bedroom first-floor flat is located in the popular Cann Hall development in Clacton-on-Sea, Essex, and is currently tenanted with a monthly rent of £825. The property has a potential rental yield of 7.61% at the asking price and could also be sold as vacant possession. The flat has a modern kitchen with laminate fronted units, a lounge with a double-glazed window to the front, and two bedrooms with double-glazed windows to the side. The bathroom is fitted with a three-piece white suite and has a panel bath. The property also comes with an allocated garage and communal lawned areas. The leasehold property has approximately 76 years remaining on the lease, with an annual ground rent of £151 and a service charge of £440. The property is located within one and a half miles of Clacton's town centre, sea front, and mainline railway station.