Southern Dental & Co-Op Funeralcare, Frinton on Sea

 

18-20 Connaught Avenue, Frinton on Sea, Essex, CO13 9PW

Offers in excess of
N/A
Acquired
Type - Commercial
Tenant type - Medical
  • Tenure: Freehold
  • Gross Rent: £46,500
  • VAT applicable?: N

Property Description

  • Freehold, blue-chip medical and funeral care investment.
  • The property consists of two newly created retail units with two self-contained residential flats arranged over first and second floors (flats above to be sold off).
  • The site extends a total of 2594 sq ft.

Location Description

  • Frinton-on-Sea is an affluent seaside resort town located on the east coast of Essex.
  • The town is located some 5 miles north-east of Clacton-on-Sea, 15 miles east of Colchester and 18 miles south of Ipswich.
  • The property is situated on the main retail pitch in the town is just under 5 minute walk to the sea front.
  • Nearby occupiers include Boots, Sue Ryder, Oasis, Nationwide and Oxfam.
  • There is an extremely low vacancy on Connaught Street with a good mix of national and local retailers in occupation such as Peacocks, Sainsbury's, Card Factory, Barclays and Natwest to name a few.

Additional Notes

  • 18 Connaught Avenue, is a 1,425 sq ft. unit let on a new 10 year lease to Co-op Funeralcare (Funeral Services Ltd) from 14th November 2016 at a rent of £19,500 p.a. There is a tenant break clause at the expiry of the fifth year.
  • 20 Connaught Avenue is a 1,169 sq ft. unit let on a new 15 year lease to SOuthern Dental Ltd. from 5th October 2016 at a rent of £26,500 p.a. There are no break clauses.
  • There is £500 p.a. receivable from ground rents from the two flats above - £250 p.a. each
  • The total Commercial Income is £46,500 p.a.

Your Agent for this listing

x

Find a Property

Don’t miss out on our latest opportunities!
Click here to register your investment profile with us in 2 minutes.
You can specify your preferred Budgets, Property Types and Locations, meaning our emails will remain bespoke and relevant.
To discuss your specific requirement further, call us on +44 208 954 0878

Register My Profile