Arcade Mansions, Station Road... 4 bed flat for sale

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Arcade Mansions, Station Road... 4 bed flat for sale

Arcade Mansions, Station Road, Clacton-on-Sea
£120,000

Price History

Initial price £140,000
02/03/24 £137,000
31/07/24 £134,000
20/02/25 £130,000
25/06/25 £127,000
19/09/25 £120,000
Price Change -14.29%

Description

Blake & Thickbroom is offering a four-bedroom second-floor flat for sale, which is currently occupied by a tenant paying £800 per month. The property has a 125-year lease, granted in 2016, and is considered an ideal Buy to Let investment, generating an 8% yield before service charge and ground rent deductions. The property is leasehold, with a council tax band of B and an EPC rating of D. Services including electricity, gas, water, and sewerage are connected, and telephone and broadband coverage is available. The property also has additional charges, including a service charge of £2,305.83 for the period January 2024 to December 2024 and a ground rent of £250 per annum, with the 2025 service charge to be confirmed.