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

>

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

Arcade Mansions, Station Road, Clacton-on-Sea
£130,000

Price History

Initial price £140,000
02/03/24 £137,000
31/07/24 £134,000
20/02/25 £130,000
Price Change -7.14%

Description

Blake & Thickbroom is offering for sale a four-bedroom second-floor flat with a tenant in place, paying £800 per month. The property has a 125-year lease, granted in 2016, and is considered an ideal Buy to Let investment, producing a yield of 7.38% before service charge and ground rent deductions. The property has a balance of lease and is available with a tenant already in situ. The flat is located in a council tax band B and has an EPC rating of D. The property has all services connected, including electricity, gas, water, and sewerage, and has telephone and broadband coverage. Additional property charges include a service charge of £2,305.83 for the period January 1, 2024 to December 31, 2024, and a ground rent of £250 per annum.