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
£127,000

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
Price Change -9.29%

Description

Blake & Thickbroom are offering for sale a four-bedroom second-floor flat with a tenant in place, currently paying £800 per month. The property has a 125-year lease, granted in 2016, and is an ideal Buy to Let investment opportunity, producing a yield of 7.38% before service charge and ground rent deductions. The property is leasehold, with a service charge of £2,305.83 for the 2024 period and a ground rent of £250 per annum. The service charge for 2025 is yet to be confirmed. Prospective buyers should note that the property is connected to electricity, gas, water, and sewerage, and has telephone and broadband coverage.