Initial price	£175,000
01/11/24	£165,000
Price Change	-5.71%

This freehold property in Old Road, Clacton on Sea, offers a unique investment opportunity with a mixed commercial and residential use. The ground floor shop is currently leased until August 2026 and is occupied by a tattoo and barber shop, while the two-bedroom first-floor flat is rented out on a 12-month AST until March 2025. The property also has the freehold over the attached ground floor flat, providing a potential for additional income. With a combined rental income of £15,600 per annum, the property generates a yield of 9.45% if purchased at £165,000. The property is located in a bustling area with local amenities, easy access to the town centre and seafront, and is within walking distance to the train station.