Auction House London

Lot 60

Commercial Property - Commercial Property 

Pier Hotel

1 Orwell Road, Clacton-on-Sea, Essex, CO15 1PR

Withdrawn Prior to Auction

A Twelve Bedroom Hotel Fully Let on an FRI Lease Producing £75,000 per annum

Description

The property comprises a detached Hotel arranged over ground and two upper floors. The ground floor area of the property requires a full program of refurbishment and currently is not in use.

Tenure

Freehold

Location

The property is situated on a residential road in Clacton-on-Sea close and close to all its local amenities. The open spaces of Bursville Park are within easy reach, the property is also easily accessible to the seaside, the marina and the Pavillion Fun Park. Transport links are provided by Clacton-on-Sea rail station.

Exterior

The property benefits from off street parking to the front for up to three vehicles and a rear garden.

Tenancy

The property is subject to an FRI Lease for a term of 48 months commencing 15 October 2016 at a rent of £75,000 per annum paid six months in advance.

Accommodation (2nd Column)

Ground Floor
Unmodernised/ Unfurnished

First Floor
Six Bedrooms
Storage Area

Second Floor
Six Bedrooms

Viewing Details

Open House Viewings:
Monday 3rd April 12:00 - 12:30
Wednesday 5th April 13:30 - 14:00
Saturday 8th April 12:30 - 13:00
Monday 10th April 13:30 - 14:00

Bold Black Text

Current Rent Reserved £75,000 per annum

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

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For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

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Enquire about Pier Hotel, 1 Orwell Road, Clacton-on-Sea, Essex, CO15 1PR

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