Let flat producing £340 pcm (£4,080 pa) Residential investment opportunity

This one bedroom first floor flat is one of a number of flats within a grand four storey mid terrace property. The flat is let at £340 pcm (£4,080 pa) and has an internal floor area of 302 sq/ft (28 sq/m). It was let on a six month assured shorthold tenancy dated 23rd January 2018 and is now holding over. It is located in a highly sought after location literally a stones throw away from a stunning sandy beach below the cliff. This would be an ideal purchase for an investor.

Tenure

Leasehold. 125 years from 2019. Ground rent: £250 pa. Service charge: £650 pa (includes water and sewage)

Ground Floor

Communal entrance hall

First Floor

Entrance hall, sitting room / kitchen, bathroom, bedroom

Viewing

External only.

Energy Efficiency Rating (EPC)

Current Rating 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

Norton Peskett, 141 King Street, Great Yarmouth, NR30 2PQ, Ref: Matthew Breeze

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.