*Guide | £160,000 - £180,000 (plus fees)
- Block of Apartments
- 6 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
High yielding residential investment comprising five flats Four let, one vacant producing £22,200 pa
This attractive period freehold end terrace property comprises of five self-contained flats with accommodation over three floors. There is one studio flats, three one bedroom flats and one two bedroom flat. Currently four flats are let and one is vacant producing £1,850 pcm (£22,200 pa). Fully let it could produce around £2,250 pcm (£27,000 pa). The property is not listed, however lies within a conservation area. The property is located just south of the town centre near a comprehensive range of services and amenities. This is an ideal opportunity for an investor looking for a high yielding investment.
Tenure
Freehold
Rents
All are on Assured Shorthold Tenancies: Flat 1 - £400 pcm (one bed) Flat 2 - £450 pcm (studio) Flat 3 - £450 pcm (one bed flat) Flat 4 - £550 pcm (two bed flat) Flat 5 - Previously let at £400 pcm (studio) now vacant
Ground floor
Basement flat 5: lounge / bedroom, kitchen, shower room Flat 4: Entrance hall, lounge, two bedrooms, kitchen, shower room
First floor
Flat 2: bedroom / lounge, kitchen, shower room Flat 1: lounge, bedroom, kitchen, shower room
Second floor
Flat 3: bedroom, lounge, kitchen, shower room
Outside
Enclosed courtyard garden for use of flat 4 only
Council Tax Band
A
Viewings
Viewings are arranged in conjunction with the tenants. The next are on Thursday 25th April. To book an appointment please call the Norwich office.
Energy Efficiency Rating (EPC)
Current Rating 1:E, 2:D, 3:E, 4:D. 5:C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Great Yarmouth Borough Council
Solicitors
22 Law, Ref: Claire Stanton, Tel: 0191 432 4408
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Floor Plans
Click the image to view the full-sized floorplan.
