Short-term renovation project with strong rental potential near the pier.
Freehold mixed-use: ground-floor shop with one-bed flat above
A vacant freehold shop with a one-bedroom flat above, offered for sale by live public auction. The property sits just north of Clacton pier and the seafront, with excellent local amenities and mainline rail access under half a mile away. The ground floor retail unit requires a full programme of renovation; the first-floor flat is habitable but needs comprehensive redecoration.
This is a clear opportunity for an investor or small developer: the ground floor could be converted into a two- or three-bedroom flat subject to planning consents, increasing rental yield or resale value. The site includes one off-street parking space to the front and external storage at the rear, and benefits from double glazing and mains gas central heating (boiler and radiators).
Buyers should note material drawbacks: the property is in a very deprived area with very high local crime rates and will require significant capital expenditure to bring the commercial unit and living accommodation up to modern standards. The sale is by auction on 22 October; additional fees (administration and buyer’s premium) apply and purchasers must consult the legal pack for disbursements.
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