Initial price	£125,000
15/10/24	£120,000
Price Change	-4.00%

Blake & Thickbroom presents a two-bedroom first-floor flat situated in Clacton's Town Centre, just a stone's throw from the Seafront. The property currently generates £675 per month, yielding 6.48% annually, with potential for improvement to around £750 per month (7.2% annual yield). The flat is offered for sale on a leasehold basis, with a 999-year lease starting in 2023, and comes with a service charge of £1,032 per annum and ground rent of £250 per annum. Prospective buyers are advised to verify the property's tenure and details with their legal representatives, as Blake & Thickbroom have not seen the formal lease or management pack.