For sale by auction on Tuesday, 16 July 2024 at 12:00

Venue: LIVE STREAM, www.AuctionHouse.Online

Situated in the popular seaside town this property would be of interest to property professionals and landlords alike. The Barber shop has recently been re decorated to a high standard. The one bedroom flat above requires refurbishment.

When fully let, the property would produce ?12,000 per annum which is a 8% yield if bought at guide price. It is currently producing ?5,400 from the commercial business. (The current tenant has a newly extended tenancy for 5 years)

ACCOMMODATION
GROUND FLOOR



Main room Barbers facility

Room two wash basin facility

Room Three cloakroom area

Room Four W/C and wash basin



There is a back entrance leading to a courtyard and entrance to the first floor flat



FIRST FLOOR

Lounge/Kitchenette: 15?10? x 9?09? (4.82m x 2.97m)

Bedroom: 14?01? x 8?00? (4.29m x 2.43m)

Bathroom: 7?04? x 4?07? (2.23m x 1.39m)

EXTERIOR
The front of the property is situated immediately on the high street with access to the Barbers. The rear of the property has an enclosed small concrete back area with access directly to a public carpark via a gate on the property boundary

LOCATION
Walton-on-the-Naze is a seaside town on the North Sea coast. It is part of the parish of Frinton and Walton, in the Tendring district in Essex. The town is located north of Clacton and south of the port of Harwich, Frinton-on-Sea lies to the south of the town. Originally, Walton was a farming village situated miles inland.

The property is situated in the Town Centre with shops, bars and restaurants and boasts a beautiful sea view from the first floor accommodation

EPC Rating: C

Viewings

Additional Fees
Buyers Premium - 1.2% inc VAT of the purchase price, payable on exchange of contracts.
Administration Charge - 0.6% inc VAT of the purchase price, subject to a minimum of ?900 inc VAT, payable on exchange of contracts.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.