A substantial residential investment property currently producing a gross income of £66,000 per annum.

This valuable freehold investment property currently comprises of 14 individual self contained one and two bedroom flats. There are also various storage units which could be let or converted into additional residential units or provide additional income. The current income is in the region of £66,000 pa gross. We understand all the properties have sealed unit double glazing and have had replacement heating systems within the last two years. Further maintenance improvements have been undertaken by the current owners to retain full occupancy, including installation of wet rooms to a number of the ground floor units.

Tenure

Freehold

Planning Approval

Planning permission was previously granted for conversion of the workshops into two self contained residential units details are available on the Great Yarmouth Borough Council Planning website ref: 06/08/0201/F.

Energy Efficiency Rating (EPC)

Current Rating D/E

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

Lucas & Wyllys, 61/62 Bells Road, Gorleston, Great Yarmouth, NR31 6AQ, Ref: Amy Church

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.