Stoneridge Estates says ..

Property Oracle says ..

This property is a mixed-use commercial and potentially residential building located on Rosemary Road in Clacton-on-Sea, Essex. It currently operates as a Thai restaurant, as evidenced by the provided photos which showcases a clean and well-presented interior. The restaurant seems appropriately furnished and has a welcoming atmosphere.

The location is a key feature of this property. Clacton-on-Sea offers seaside attractions and amenities that add value. Proximity to the train station and several schools further increases its appeal. However, buyer preferences for Clacton-on-Sea might vary, impacting its overall desirability.

The images show the interior of the restaurant in good condition. The restaurant is currently in operation. However, without additional information such as a structural survey, it is difficult to fully evaluate the property’s general state of repair. More information about the structural condition of the building and the condition of any residential areas would be necessary for a more comprehensive assessment.

The listing does not offer details regarding land size, making it impossible to evaluate the land component accurately. It seems to consist primarily of the building itself.

The pricing of £325,000 requires further consideration. Nearby properties are available for significantly lower prices; however, those are residential properties and the value of this property comes from the currently successful Thai restaurant. The lack of square footage data for the building hampers accurate price per square foot analysis. Therefore, a fair evaluation requires additional information relating to the property’s area and a breakdown of the current rental income or profit margins from the restaurant’s operation. A comprehensive business valuation would also be highly beneficial for a full and unbiased evaluation.

Therefore, we give this property 5 / 10. *Disclaimer: This is our option and does constitute a recommendation or financial advice. Do your own research. *

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