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)
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)
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
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
