Flats 3,10,11 Cherry Trees, Rosemary Crescent, Clacton-On-Sea, Essex, CO15
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
9
- SIZE
2,648 sq ft
246 sq m
Key features
- Comprises portfolio of 3 residential flats
- Total area size of 246 sq m (2,648 sq ft)
- Town centre location within short walk to Clacton Pier
- Occupiers nearby including Restaurants, Bars, Pharmacy, Hotels and many more
Description
Gross Initial Yield: 9.10%
Rental Income: £28,200 p.a.
VAT is NOT applicable to this property
Comprises portfolio of 3 residential flats
Total area size of 246 sq m (2,648 sq ft)
Town centre location within short walk to Clacton Pier with occupiers nearby including Restaurants, Bars, Pharmacy, Hotels and many more.
Property Description:
The property comprises portfolio of 3 residential flats, providing the following accommodation and dimensions:
Ground Floor:
Flat 3 - 85 sq m (915 sq ft)
3 Bedrooms, Kitchen, Living Room, Bathroom
Second Floor
Flat 10 - 80 sq m (861 sq ft)
3 Bedrooms, Kitchen, Living Room, Bathroom
Flat 11 - 81 sq m (872 sq ft)
3 Bedrooms, Kitchen, Living Room, Bathroom
Tenancy:
Flat 3 is at present let on AST to an Individual for a term of 12 months from 19th December 2021 at a current rent of £9,300 p.a. Deposit held of £894.
Flat 10 is at present let on AST to an Individual for a term of 12 months from 17th January 2020 at a current rent of £9,600. Deposit held of £800.
Flat 11 is at present let on AST to an Individual for a term of 24 months from 12th February 2022 at a current rent of £9,300. Deposit held of £894.
Tenure:
Flat 3 is held on a 150 year lease from 25th March 2020 at a ground rent of £75 p.a. Service charge £900 p.a. Reversion 2170.
Flat 10 is held on a 155 year lease from 12th April 2011 at a ground rent of peppercorn. Service charge £900 p.a. Reversion 2166.
Flat 11 is held on a 150 year lease from 25th March 2020 at a ground rent of £75 p.a. Service charge £900 p.a. Reversion 2170.
Location:
Clacton-on-Sea is the largest town in the Tendring peninsula and district in Essex, eastern England. The town is served by Clacton-on-Sea railway station (90 minutes to London Liverpool Street station). The town also benefits from its own airport. Clacton has a pleasure pier, arcades, a golf course, caravan parks and an airfield. The town and its beaches are still popular with tourists in the summer and there is an annual entertainment programme including the Clacton Carnival and Clacton Air show. The property is located in the town centre within short walk to Clacton Pier with occupiers nearby including Restaurants, Bars, Pharmacy, Hotels and many more.
Brochures
Property ParticularsTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
For details of the leasehold, including the length of lease, annual service charge and ground rent, please contact the agent
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Ask agent
Flats 3,10,11 Cherry Trees, Rosemary Crescent, Clacton-On-Sea, Essex, CO15
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Clacton Station0.3 miles
- Thorpe-le-Soken Station4.1 miles
- Kirby Cross Station4.4 miles
About the agent
Blue Alpine, London
54 Welbeck Street, London W1G 9XS
Blue Alpine is a UK-wide property consultancy based in central London, focusing on commercial property, developments and residential blocks. Our services include disposals, acquisitions, lettings, auction advice, planning and architecture, dilapidations, and surrenders of leases.
Blue Alpine plans and delivers solutions that manage risk, optimise benefits, and expand the power of capital to protect and strengthen portfolios. By employing a transparent and consultative approach, we can a
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