High yielding fully let mixed use investment Ground floor shop and three flats above producing £17,376 pa

This attractive three storey property is located close to the town centre and incorporates a double fronted shop with three flats (two one bedroom and one studio) arranged over the two floors above. The shop which trades as a photography shop is let at a rent of £330 pcm (£3,960 pa) to a long established tenant who has been in occupation for around 15 years. The flats are each let at a rent of £86 per week (£4,472 pa). The flats are partially double glazed and have electric heating. According to the valuation office website the shop has a rateable value of £2,650. No rates are payable. Each flat has a council tax A banding which the tenant pays. Please note the the property is not listed.

Tenure

Freehold

Ground Floor - Shop

Shop, office, room, w.c. Total area 744 sq/ft

Outside

Rear yard

First Floor - Flat 3

Entrance hall, bathroom, kitchen, sitting room, bedroom. Total area 324 sq/ft

First Floor - Flat 2

Sitting room/bedroom/kitchen Total area 193 sq/ft

Second Floor - Flat 1

Entrance hall, kitchen, sitting room , bedroom, bathroom Total area 318 sq/ft

Viewing

Please call the Auctioneer – 01603 505100

Energy Efficiency Rating (EPC)

Current Rating Shop - E, Flats - D

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

England & Co, 137 Bells Road, Gorleston, Great Yarmouth, NR31 6AG, Ref: Lorna Anderson, Tel: 01493 604990

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.