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Property Image

For Sale: £400,000

Sold

Dudley House, Hall Lane, Walton On The Naze, Essex, CO14

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Property Image
  • Area

    area
    2272Sq Ft

A unique mixed use investment opportunity comprising a detached house and multiple tenanted commercial units

Situated on the northern edge outskirts of this seaside town is this unique site comprising a substantial 3 storey house and multiple commercial units, many of which have long standing tenants.

The site has been within the same family for many years and extends to approximately 0.9 acres with 21 small commercial units, 16 of which are tenanted on an informal basis and producing and income of £1,370.34 per month (£16,444 per annum) whilst the house is let on an AST which is holding over and generating £520 every 4 weeks (£6,760 per annum). A full schedule is available within the online Legal Pack.

The current total gross annual yield is £23,204 but it is considered there is huge scope to enhance along with putting the tenancies on a more formal footing.

We believe a comparable opportunity would be impossible to find and strong interest from investors and end users alike is anticipated.

Floor plan

Floorplan Image

Map

Call

Lewis Chambers

01206 854545
Make an enquiry

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