A rare detached freehold opportunity comprising two ground-floor retail units with five self-contained apartments above, each with modern shower rooms and access to a communal outside space. The entire building has been newly renovated to a contemporary standard, with some apartments benefitting from tenants in situ, making this an attractive mixed use investment as well as a versatile owner-occupier option. The attractive potential rental yield is approximately 10.9%.
Set in a central position close to everyday amenities, the location places you within easy reach of the town’s shops, cafés and services, while the seafront and landmark pier provide year round leisure, dining, and family attractions. Clacton Pier offers rides, tenpin bowling, adventure golf, immersive experiences and regular seasonal events, adding to the area’s strong visitor appeal and vibrant coastal lifestyle.
The property sits within a predominantly commercial catchment close to the high street and station, in an area known for strong footfall and a mix of national and independent occupiers, enhancing the appeal of the retail units and underlining the convenience for residents.
In summary, this is a flexible, income producing freehold with refreshed interiors, established central amenities, and straightforward access to the coast and capital, well suited to investors seeking a modernised mixed-use block with immediate rental prospects, or buyers looking for a coastal base with commercial upside.
Auctioneer Comments
This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The buyer is responsible for the Pack fee. For the most recent information on the Buyer Information Pack fee, please contact the iamsold team. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT, subject to a minimum of £6,600 inc. VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £960 inc. VAT. These services are optional.
