About this property
Key Features
Freehold with vacant possession
VAT free
Desirable town centre location
Substantial three storey mixed-use property offering development potential
Description
A rare opportunity to acquire a substantial 3 storey mixed-use property in the heart of the busy seaside town of Frinton-on-Sea. The building, which was previously occupied by Lloyds Bank, has two large maisonettes above, and offers purchasers a wonderful opportunity to buy a substantial and flexible building, with potential to add further value STP.
The current layout of the property is as follows:
Ground Floor: A prime retail shop with total frontage of 11.8m and a ground floor sales area of approximately 102m². The ground floor accommodation currently provides a main Sales Area, office, 2 Cloakrooms, Kitchen area and a Store room in the former bank safe. The gross internal floor area of the ground floor is approximately 162m².
On the upper floors are a pair of substantial duplex apartments:
97a accessed via external stairs via the rear of the building.
First Floor: Entrance lobby; Kitchen with MDF base and wall units and gas boiler; Cloakroom with white wc and wash hand basin; Dining Room with blocked fireplace; Sitting Room with bay window to front, and blocked fireplace.
Second floor: The landing gives access to; 3 Bedrooms and a Study; family Bathroom with white wc, wash hand basin and bath with overhead shower.
95a accessed via external stair via the rear of the building.
First Floor: Entrance Hall; Living Room with bay window to front; Dining Room; Kitchen; Cloakroom with white wc, wash hand basin.
Second floor: The landing gives access to; 4 Bedrooms; cloakroom with white wc and wash hand basin.
The total gross internal area of the upper floors is 253.73m².
Planning permission has previously been granted to converted the maisonettes into 4 smaller flats.
Outside: To the rear of the building is a yard area, which is mainly laid to concrete and large enough to provide parking for two cars. There was previously a garage on site, which has since been removed, but offers scope for replacement of similar or other uses STP.
Tenure
Freehold with vacant possession
Location
The property lies in the heart of Connaught Avenue, which is one of the main trading areas of the popular seaside town, just a few hundred yards from the beach itself. Nearby national occupiers including Costa (opposite), Peacocks, Greggs, Sainsburys Local, and Post Office amongst others.
Lot Type
Commercial
Planning
Planning permission was granted in July 2018 by Tendring District Council for the conversion of the 2 large flats to 4 x 1 bedroom flats (planning ref:18/01116/FUL and 19/00482/FUL). The proposed scheme provides 4 well proportioned flats which buyers may find more preferable to the current layout, and a chance to tailor the property to their individual needs. The owner is currently applying for the scheme to be renewed.
Legal Packs
www.cheffins.co.uk/auctions/property-auctions or Jamie Coulthard of Druces LLP, Salisbury House, London Wall, London, EC2M 5PS
Viewing
Cheffins Property Auction Dept 01223 213777
Important notes
*Guide prices are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve price (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set up to or within the Guide Range or no more than 10% above a single figure Guide. The reserve price will remain confidential between the seller and the auctioneer.
Fees: The guide price excludes any additional fees that the purchaser may incur, to include, but not limited to, Buyers Contract fee, Stamp Duty Land Tax, VAT, legal and search fees etc. Please refer to relevant Auction Legal Packs for details.�