High Street, Clacton-On-Sea

This freehold retail unit, strategically located along Clacton High Street, presents a compelling opportunity for investors and developers. Spanning approximately 2,050 sq ft, the property is currently configured for retail use but has the potential for conversion of the first floor into residential accommodation, subject to planning approval. With vacant possession available, you can explore its development potential immediately. The anticipated rental yield post-conversion could be around £27,000 per annum, making it an attractive investment prospect. The ground floor boasts significant space at about 1,500 sq ft, while the first floor includes a landing area, office, kitchen, and restrooms that may require reconfiguration and modernisation. The property is currently listed with a rateable value of £17,750 which translates to approximate business rates of £8,857.25 annually. Given its prime location and potential for diverse usage under Use Class E (retail), there are numerous avenues for enhancement and profitability.