Newgate Street, Walton On The Naze, CO14

We are pleased to present this Freehold investment opportunity, consisting of two, self-contained flats with a total annual rental income of ?13,656 PA representing a yield in excess of 8.2%. Both flats are let on Assured Shorthold Tenancies to long term, reliable tenants.

The property is perfectly located in the heart of the coastal town of Walton, close to railway links (direct to London Liverpool Street), a stone's throw from the golden beaches, restaurants, pier, bus routes, schools, supermarkets, pubs, parks, public swimming pool and more.

FLAT 18

Ground floor studio flat of approximately 520 Sq Ft. Let on an AST at ?569pcm.

LOUNGE AREA

Two UPVC double glazed windows to front, radiator, built-in cupboard housing gas meter.

KITCHEN AREA

Range of eye level and base kitchen units, stainless steel sink with chrome mixer taps, rolled edge work surfaces and breakfast bar.

BEDROOM AREA

Radiator, door to:

UTILITY/STORE

Tiled floor and walls, Gas boiler, radiator, rear door to a very small outside area (for maintenance). New gas combination boiler installed 2023.

BATHROOM

Tiled floor and walls, ceramic low-level W/C, wash basin and panelled bath with shower attachment.

FLAT 20

First floor, one bedroom flat of approximately 390 Sq Ft. Let on an AST at ?569pcm.

LANDING

Double glazed window to rear, storage cupboard housing new gas combination boiler, installed 2024.

OPEN PLAN KITCHEN/LIVING AREA

Lounge AreaLarge radiator, UPVC double glazed casement window to front (2 opening windows).Kitchen AreaRange of eye level and base kitchen units, Four-ring hob, built-under oven, resin insert kitchen sink with matching mixer taps, tiled floor.

BATHROOM

Low-level ceramic W/C, wash basin and panelled bath with mixer taps, double glazed window to rear, radiator, tiled walls, and floor.

BEDROOM

Built-in wardrobes, large radiator, UPVC double glazed window to front.

COUNCIL TAX

18 - Band A20 - Band A

TENANCIES

The property will be sold with Tenants in situ. Please contact the office further details on the current terms.

MATERIAL INFO

Council Tax Band: AHeating: Gas Services: Mains electricity -Mains gas -Mains water - Mains drainage -Other -Broadband: Ultrafast Fibre Mobile Coverage: O2 - Likely EE - LimitedThree - Limited Vodafone - Likely Construction: ConventionalRestrictions: N/ARights & Easements: N/AFlood Risk: Rivers & Sea - Very LowSurface Water - Very Low Additional Charges: N/A Seller s Position: No onward chainGarden Facing: Non-Standard Features to note:

AGENT NOTE

PLEASE NOTE - Although we have not tested any of the Gas/Electrical Fixtures & Fittings, we understand them to be in good working order, however it is up to any interested party to satisfy themselves of their condition before entering into any Legal Contract.

ANTI MONEY LAUNDERING

ANTI-MONEY LAUNDERING REGULATIONS 2017 - In order to comply with regulations, prospective purchasers will be asked to produce photographic identification and proof of residence documentation once entering into negotiations for a property.