Back to list of properties
146 Wellesley Road, Clacton-on-Sea, Essex, CO15 3QD
Guide Price* : £230,000
Residential Development Opportunity with Consent
Upon Instructions of
The Receivers MHA Macintyre Hudson
- Freehold vacant building with consent for 10 flats
- End of terrace property formerly in retail use
- Established residential location
- 3,425 sq ft (318.34 sq m)
- Guide price of £230,000 reflects low capital value of £67 per sq ft
Description
The property comprises an end of terrace building that has been extended to the rear. The original section provides accommodation across ground, first and second floors whilst the extension provides accommodation across ground and first floors.
The building was previously used as retail and showroom space with some residential accommodation to the upper floors.
A series of planning consents have been granted to convert the property into 10 flats, consisting of six one bedroom flats and four studios.
Location
Clacton-on-Sea is a popular seaside town located 16 miles south of Colchester, the town is well connected by both road and rail links.
The property is situated on a prominent corner site and has frontage to both Wellesley Road and Eton Road. The area is predominantly residential with a mix of flats, terraced houses and semi-detached houses and benefits from being within 5 minutes walking distance of both the station and the amenities of Central Clacton.
Tenure
Freehold
Planning
Whilst the property was originally used as retail space, a series of planning applications has led to several parts of the property being converted to residential use:
06/00290/FUL - Approved consent for conversion to two, one bedroom flats.
17/00852/COUNOT Confirmation that prior approval was not required to convert the rear extension part of the property from retail space to provide four, one bedroom flats.
17/01653/FUL - Approved consent to convert the ground floor retail space within the original building into two, one bedroom flats.
18/00590/FUL - Approval for the addition of canopies and porches and remodelling of the existing shopfront to reflect the properties new use as a residential block
VAT
Refer to the legal documentation
Note
This property is being marketed for sale due to insolvency and therefore no warranties or guarantees in any respect, including VAT, can be given. The information in these particulars has been provided by the vendors to the best of their knowledge but the purchaser must rely solely upon their own enquiries.
Contact
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Loading the bidding panel...
The successful purchaser will be required to pay the auctioneers administration fee of £1,800 inclusive of VAT on purchases of £20,000 and above and £600 inclusive of VAT for purchases below £20,000. Other additional costs/fees may apply - Click here.
Office Contact
Vendor
Related Documents
Agreement Documents
Additional Documents
Subject to Contract and Exclusive of VAT © Lambert Smith Hampton April 2025
Disclaimer: Lambert Smith Hampton Group Limited and its subsidiaries, including LSH Property Auctions, and their joint agents if any (“LSH”) for themselves and for the seller or landlord of the property whose agents they are give notice that: (i) These particulars are given and any statement about the property is made without responsibility on the part of LSH or the seller or landlord and do not constitute the whole or any part of an offer or contract. (ii) Any description, dimension, distance or area given or any reference made to condition, working order or availability of services or facilities, fixtures or fittings, any guarantee or warrantee or statutory or any other permission, approval or reference to suitability for use or occupation, photograph, plan, drawing, aspect or financial or investment information or tenancy and title details or any other information set out in these particulars or otherwise provided shall not be relied on as statements or representations of fact or at all and any prospective buyer or tenant must satisfy themselves by inspection or otherwise as to the accuracy of all information or suitability of the property. (iii) No employee of LSH has any authority to make or give any representation or warranty arising from these particulars or otherwise or enter into any contract whatsoever in relation to the property in respect of any prospective purchase or letting including in respect of any re-sale potential or value or at all. (iv) Price or rent may be subject to VAT and any prospective buyer or tenant must satisfy themselves concerning the correct VAT position. (v) Except in respect of death or personal injury caused by the negligence of LSH or its employees or agents, LSH will not be liable, whether in negligence or otherwise howsoever, for any loss arising from the use of these particulars or any information provided in respect of the property save to the extent that any statement or information has been made or given fraudulently by LSH. (vi) In the case of new development or refurbishment prospective buyers or tenants should not rely on any artists’ impressions or architects’ drawings or specification or scope of works or amenities, infrastructure or services or information concerning views, character or appearance and timing concerning availability or occupation and prospective buyers or tenants must take legal advice to ensure that any expectations they may have are provided for direct with the seller or landlord and LSH shall have no liability whatsoever concerning any variation or discrepancy in connection with such matters.
By setting a proxy bid, the system will automatically bid on your behalf to maintain your position as the highest bidder, up to your proxy bid amount. If you are outbid, you will be notified via email so you can opt to increase your bid if you so choose.
If two of more users place identical bids, the bid that was placed first takes precedence, and this includes proxy bids.
Another bidder placed an automatic proxy bid greater or equal to the bid you have just placed. You will need to bid again to stand a chance of winning.