Call the team on 01603 505 100 for more information
A mixed use investment with a Café and a first and second floor 2/3 bed Flat. Producing £18,000 from Ocotber 2016
Mixed use investment consisting of a Café and Flat. Income of £18,000pa (from October 2016) This mid terrace building comprises of a ground floor café and a two/three bedroom flat above set over two floors. The flat is currently let on an AST at £700pcm (£8,400pa). The café has recently been renovated and is let from 1st October 2016 at £800pcm (£9,600pa). The overall income for the property will be £18,000pa. The property is located in St James Street, with views of the Greyfriars tower and gardens and is well situated for all the local facilities including a main line rail link into Cambridge and London Kings Cross.
Tenure
Freehold
Description
Ground Floor
Café area, kitchen, w/c
First Floor
Lounge, dining room, kitchen, bathroom, separate w/c
Second Floor
Two bedrooms
Outside
Parking for 3 cars at the rear
Viewing
Open days
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Borough Council of King's Lynn and West Norfolk. Tel: 01553 616200
Solicitors
Cripps LLP, Wallside House, 12 Mount Ephrain Road, Tunbridge Wells, Kent TN1 1EG, Ref: Mr Piers Woods, Tel: 01892 506 280
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 £1,200 (£1,000+ 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.