First floor one bedroom maisonette, featuring open plan living space encompassing lounge area and fitted kitchen, separate bedroom and recently fitted wet room. The property provides for an ideal buy-to-let investment being under a five year tenancy agreement with a local housing association. The property is double glazed with gas central heating via radiators.
Tenure. Long Leasehold. The property is held on a 999 year lease from 1 January 2007 at a fixed annual rent of £25 (thus approximately 990 years unexpired). The service charge which covers structural repairs external decoration buildings insurance and the management company’s costs and expenses over the past 3 years has averaged £268 pa and is collected annually in June by the company in a single instalment along with the freehold rent. The four flat owners forming the building block each contribute a one-off payment of £500 to the Management Company’s start-up Reserve Fund.
Gorleston-on-Sea, also known colloquially as Gorleston, is a settlement in Norfolk, England, forming part of the larger town of Great Yarmouth, situated at the mouth of the River Yare. Norwich City is approximately 25 miles distant taking around 45 minutes by car.
Entrance hall with stairs to first floor Landing 5.16m x 0.89m with door to; Bedroom 2.93m x 2.6m with cupboard 0.84m x 0.8m Wet room 2.94m x 1.52m recently fitted with white suite (note: as part of the tenancy agreement, if required, the Housing Association is contracted to revert the wet room back to a bathroom and the end of their tenancy period) Lounge area 3.91m x 2.89m Kitchen 1.99m x 1.87m
To the front of the property is a communal court yard.
The property is subject to an Assured Shorthold Tenancy agreed for a 5 year period, starting 1st November 2013, with Saffron Housing Association. The rent run is £395 pcm (£4740 p.a.).
Ways to Buy - This property is being sold by 'eBay' style Online Auction - **auction ends Friday 13th January 2017**. Whilst the sellers preference is to sell via the 'eBay' style online auction, pre-auction and post auction offers by traditional private sale will be considered, please phone 01603 508507 to discuss. To bid visit: https://ahonline.eigonlineauctions.com/lot/details/2054 Buyers Premium applies - the successful purchaser is liable for the following fee: £2,400 (£2,000 + vat)
To view please phone 01603 505100 or email firstname.lastname@example.org We can also provide online real-time narrated virtual tour to request your viewing copy and paste this URL into your web browser: https://sv.ht/22tEqJN
VAT is not applicable
Energy Efficiency Rating (EPC)
Current Rating C
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of 0.3% inc VAT, subject to a minimum of £720 inc VAT
Disbursements - Please see the legal pack (if applicable) for any disbursements listed that may become payable by the purchaser on completion.