THIS FULLY LICENSED HOSTEL IS TO BE SOLD AT AUCTION ON 26TH AUGUST 2026
PLEASE REGISTER ON AUCTIONEERS WEBSITE FOR LEGAL PACK AND VIEWING INFO
Occupying a central location in Clacton-on-Sea, just a short walk from Clacton Pier and Marine Parade, Clacton on Sea Main line railway station is just a 5 min walk and the town centre is a 10 minute walk, Clacton-on-Sea is a busy costal town and seaside resort positioned on the east side of the Essex coastline known for its sandy beaches and Victorian pier. It's the largest town on the Essex coast and offers a mix of attractions, including seafront gardens, a golf course, a variety of shops and eateries located 77 miles from central London and 1hour 45mins on the train from London Liverpool St station.
A large and imposing Mid terrace period property consisting 16- bedroom HMO previous income of £276,000pa under a license to occupy contract with Tendring District Council, the property A 16-bedroom licensed HMO benefiting from established lawful Sui Generis hostel use and has parking for seven vehicles
Offers of new lease up to £570,000 per annum
Buyers Premium
* Plus 5% Buyers Premium plus VAT
Material Information
Each Lot is sold in its existing condition and state of repair. Buyers are deemed to have inspected the Property and satisfied themselves as to its condition, structure and suitability prior to bidding. Town & Country Property Auctions gives no warranty or guarantee as to the condition, structure, construction, repair or suitability of any Property, or the working order of any fixtures, fittings, services, heating systems or appliances included in the sale. No objection, claim or recourse shall be made against Town & Country Property Auctions in respect of these matters. Purchasers requiring mortgage finance or other funding are advised to arrange this prior to the auction and should satisfy themselves that the Property meets their lender's requirements. Material information relating to the Property will be provided within the Legal Pack. To download the Legal Pack, please visit tcpa.co.uk.
Pre Auction Offers Are Considered
The seller of this property may consider a pre-auction offer prior to the auction date. All auction conditions will remain the same for pre-auction offers which include but are not limited to, the special auction conditions which can be viewed within the legal pack, the Buyer’s Premium, and the deposit. To make a pre-auction offer we will require two forms of ID, proof of your ability to purchase the property and complete our auction registration processes online. To find out more information or to make a pre-auction offer please contact us.
Special Conditions
Any additional costs will be listed in the Special Conditions within the legal pack and these costs will be payable on completion. The legal pack is available to download free of charge under the ‘LEGAL DOCUMENTS’. Any stamp duty and/or government taxes are not included within the Special Conditions within the legal pack and all potential buyers must make their own investigations.
