Hayes Road, Clacton-on-sea, CO15 1TX

An exceptional investment opportunity awaits with this terraced house, thoughtfully converted into two well-appointed one-bedroom flats and a comfortable studio flat, generating a substantial annual income of £25,200.

This impressive yield represents a 9.69% gross return on the asking price, making it an attractive addition to any portfolio.

Each flat benefits from electric heating and double glazing, ensuring comfortable living spaces.

The property is in excellent condition throughout, with separate electric meters for each unit, providing ease of management.

Long-term tenants are currently in situ, offering immediate income for the new owner.

The location places this property within convenient walking distance of the train station, town centre, and seafront, enhancing its appeal to renters.

The inclusion of off-road parking adds further value and practicality.

This freehold property represents an excellent opportunity to acquire a robust investment portfolio with established income streams. Inspections can be arranged via the sole agents.

Flat 1 (One Bedroom ) Lounge - 4.22m x 3.68m (13'10" x 12'1") Kitchen - 3.48m x 3.25m (11'5" x 10'8") Bedroom - 3.35m x 3.28m (11'0" x 10'9") Shower room Rear Garden Flat 2 (One Bedroom ) Kitchen - 3.48m x 1.63m (11'5" x 5'4") Lounge - 3.51m x 3.28m (11'6" x 10'9") Bedroom - 3.53m x 3.28m (11'7" x 10'9") 11'7 is maximum measurement in to recess Shower Room Flat 3 (Studio ) lounge/bedroom - 3.43m x 2.95m (11'3" x 9'8") This combined room also has large access recess from entrance door Kitchen - 2.08m x 1.68m (6'10" x 5'6") Shower Room Material information for this property: Tenure is Freehold.

Council Tax Band: A for all flats EPC Ratings Flat 1 (C) Flat 2 (B) Flat 3 (C) Services Connected: Electricity - Yes ( Seperate Mains supply to each flat ). Gas - No Water - Yes (Mains supply).

Sewerage type - Mains.

Telephone and Broadband coverage - Yes, Prospective purchasers should be directed to Checker.ofcom.org.uk to confirm the coverage of mobile phone and broadband for this property.

Any additional property charges -No Non standard property features to note - Yes Flat 1 has a registered lease (125 years from 01/04/1988. Flat 2 has a registered lease of (125 years from 01/04/2006.

Flat 3 has no registered lease , however the current vendors are prepared to sell the freehold interest . Price to be advised.

MONEY LAUNDERING, TERRORIST FINANCING AND TRANSFER OF FUNDS (INFORMATION OF THE PAYER) REGULATIONS 2017- When agreeing a purchase, prospective purchasers will be asked to undertake identification checks including producing photographic identification and proof of residence documentation along with source of funds information.

There will be an ADMIN CHARGE of £24 inclusive of VAT for a single applicant and £36 inclusive of VAT total for multiple applicants/buyers via a third party company who undertake our Anti Money Laundering checks.