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4 bedroom flat for sale
Arcade Mansions, Station Road, Clacton-on-Sea
£134,000
Arcade Mansions, Station Road, Clacton-on-Sea
£134,000
Price History
Initial price | £140,000 |
02/03/24 | £137,000 |
31/07/24 | £134,000 |
Price Change | -4.29% |
Description
Blake & Thickbroom presents a four-bedroom second-floor flat for sale, currently tenanted with a monthly rent of £800 until December 2024. The property boasts a 125-year lease, granted in 2016, making it an attractive Buy to Let investment opportunity. With a yield of 5.25% after deductions for ground rent and service charges, this property is expected to generate a steady income stream. The property is leasehold, with a council tax band of B and an EPC rating of D. Services such as electricity, gas, water, and sewerage are connected, and telephone and broadband coverage is available. Prospective buyers should note that the property has additional charges, including a service charge of £2,305.83 for the period from January 2024 to December 2024, and a ground rent of £250 per annum. An early inspection is recommended to avoid disappointment.