New Instruction
THOMAS HOUSE, CLACTON-ON-SEA
5,049 Sq Ft
£435,000
OIRO
Property Features
- Detached Commercial Building
- 5 Self Contained Units
- 5,049 Sq. Ft. / 469.05 Sq. M.
- Currently Generating £32,352 per annum
- No VAT
Property Summary
The property was originally built as a snooker hall with the accommodation arranged over two floors, with loading and parking to the front of the property.
In 1999 the current owners obtained change of use from a snooker hall to a fitness club (99/00885/FUL). Shortly after the change of use, the property was extended on the ground floor, in 2000 (00/00015/FUL), which is know as unit B, currently occupied by the boxing club.
More recently the property has been converted into 5 self contained commercial units, which are predominately occupied by Leisure users.
There are also two storage containers to the front of the property which are let out to one of the current tenants on a more informal basis. Further information can be found in the tenancy schedule.
The building represents an excellent opportunity for a private investor to own and manage their own multi let building and grow the income stream due to the reversionary nature of some of the current leases.
In 1999 the current owners obtained change of use from a snooker hall to a fitness club (99/00885/FUL). Shortly after the change of use, the property was extended on the ground floor, in 2000 (00/00015/FUL), which is know as unit B, currently occupied by the boxing club.
More recently the property has been converted into 5 self contained commercial units, which are predominately occupied by Leisure users.
There are also two storage containers to the front of the property which are let out to one of the current tenants on a more informal basis. Further information can be found in the tenancy schedule.
The building represents an excellent opportunity for a private investor to own and manage their own multi let building and grow the income stream due to the reversionary nature of some of the current leases.