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Lot 6 Sold: £466,000

Auction: Thursday 18th July 2024

40, 42, 52 & 54 North Road, Clacton-on-Sea, Essex CO15 4DD

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Lot 6

Freehold Commercial/Residential Investment - 2 Shops t/a Morrisons Daily with over 9½ years unexpired (no breaks) + 2 Vacant Flats & 1 Vacant Garage
In same family ownership for over 30 years
6 week completion

Situation

Occupying a prominent main road trading position within this established local shopping centre, amongst a host of traders including Boots, Domino's, Anytime Fitness and East Anglia's Children's Hospice, all serving the surrounding residential area.
There is a large car park behind the parade.
Clacton-on-Sea is a popular seaside resort accessed via the A133 approx. 13 miles south-east of Colchester and 18 miles south of Ipswich.

Property

A mid-terraced building comprising a 2 Intercommunicating Ground Floor Shops with a Forecourt and separate rear access to 2 Self-Contained Flats on first and second floors, each with a Rear Terrace.
The property benefits from a rear service road with vehicular access for loading and unloading as well as 2 Garages in a separate block.
Refer to the Auctioneers for the video tours of the flats.

VAT is NOT applicable to this Lot

FREEHOLD

Video Tour

Click here to view the video tour of Flat 40. 

Click here to view the video tour of Flat 42.

Enquire about this lot:

Photo of Jonathan Ross

Jonathan Ross
020 8492 9449
jross@barnettross.co.uk

Photo of Elliott Greene

Elliott Greene
020 8492 9449
egreene@barnettross.co.uk

*Please note:

RESERVE

The 'Reserve' is the minimum figure for which a property can be sold as agreed between the Seller and the Auctioneer. The 'Reserve' is not disclosed and remains confidential between the Seller and the Auctioneer.

GUIDE

Where a 'Guide' is stated, it is an indication of the Seller's current minimum acceptable price ('Reserve') at auction. A 'Guide' is published to assist prospective buyers in deciding whether or not to pursue a purchase.

A 'Guide' does not represent an anticipated sale price or a valuation and the eventual sale price may be higher or lower. The sale price is determined at auction and as such cannot be predicted in advance.

The 'Guide' can be published as follows:

  • a. 'Reserve below' which means the 'Reserve' will be below the shown amount.
  • b. A single price figure where the 'Reserve' is not to exceed it.
  • c. A single price figure with a + symbol where the 'Reserve' is not to exceed that figure by more than 10%.
  • d. A minimum and maximum price range where the 'Reserve' is to be within that range.

The Seller's expectation as to the sale price may change during the marketing period as a result of interest received from prospective Buyers. Therefore, the Seller may increase or decrease the 'Reserve' at any time up to just before bidding commences. If the 'Reserve' becomes fixed at a level that makes the 'Guide' misleading, the Auctioneers will subsequently issue a revised 'Guide' as soon as is practicable. Accordingly, prospective bidders should monitor the 'Guide' with the Auctioneers prior to the Auction taking place via this website.

In addition to the purchase price the Successful Buyer or Successful Bidder will be liable to pay Barnett Ross Ltd a non-refundable administration fee of £1,500 including VAT or as specified on the Particulars of Sale and there may also be additional non-optional fixed or variable fees and costs. To establish the full cost of purchasing a property please inspect the special conditions of sale and all other documentation in the legal pack. Please also refer to any addendum that may be displayed on this page.