6 Bed Detached House For Sale Old Road, Clacton-on-Sea, CO15

£300,000- Detached

Auction Property
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We appreciate the listed price showing isn’t necessarily the price you would buy this property for, as it is in auction. However, we hope some confidence can be gained from our system successfully being able to identify this as potentially below market value.
Last Updated: 25th April 2024

Description

DESCRIPTION:\r
Formally \"The Coach & Horses\" public house. This prime freehold site with planning permission for residential conversion offers enormous future potential. Further scope for more units, subject to consent. Vacant possession.\r
N.B. As per our instructions, should any party, directly approach or contact the vendor, the opportunity to bid, for that particular individual or company, will be rescinded.\r
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ACCOMMODATION:\r
23/00657/FUL Proposed change of use from pub to residential 6 flats to include 3 x studios, 1 x 1 bedroom flat, 2 x 2 bedroom flats. Approval - Full Fri 30 Jun 2023\r
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LOCATION:\r
Clacton-on-Sea, often simply called Clacton, is a seaside town and resort in the county of Essex, on the east coast of England. It is located on the Tendring Peninsula and is the largest settlement in the Tendring District, with a population of 53,200 (2021). The town is situated around 77 miles north-east of Central London, 40 miles east-north-east of Chelmsford, 58 miles north-east of Southend-on-Sea, 16 miles south-east of Colchester and 16 miles south of Harwich.\r
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VIEWING:\r
By appointment.\r
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TENURE:\r
Freehold\r
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AUCTION DATE:\r
Connect Realtime® Bidding commences at 12pm with closing bids at 1pm, Wednesday 15th May 2024.\r
The Lot is for sale via Traditional Auction. This is a timed auction, which requires both parties to complete the transaction within the completion date as per the auction legal pack. The buyer, is required to register, with Connect UK Auctions, in order to participate and will be required to go through, identification verification process. The auction Legal Pack, is available by request. You are required to complete your own due diligence prior to bidding. The Lot is subject to an undisclosed Reserve Price. The Reserve Price and Starting Bid being subject to change.\r
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UNCONDITIONAL LOT:\r
N.B. As per our instructions, should any party, directly approach or contact the vendor, the opportunity to bid, for that particular individual or company, will be rescinded.\r
Auction Fees apply, upon the fall of the gavel, as per the auction legal pack. The highest bidder, will also pay a deposit of 5% (minimum £5,000) of the hammer price and contracts are exchanged. The purchaser is legally bound to buy and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 or 42 days following the day of auction (unless otherwise stated in the legal pack).
Agent Details
Connect-UK
Connect UK Auctions Head Office Richmond House 105 High Street Crawley West Sussex RH10 1DD

Investment Analysis

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Legal - YOUR PROPERTY MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON A MORTGAGE OR ANY DEBT SECURED ON IT.

Property Forecaster are working in partnership with Midland Mortgage Bureau Limited. Midland Mortgage Bureau Limited is an appointed representative of The Right Mortgage Ltd, St Johns Court,70 St Johns Close, Knowle, B93 0NH, which is authorised and regulated by the Financial Conduct Authority. Midland Mortgage Bureau Limited financial Services Register number is 756490. The Right Mortgage Ltd Financial Services Register number is 649443.
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Potential Return-on-Cash Invested