First floor flat situated on the edge of the historic town of Bury St Edmunds currently producing £9,000 pa

This commercial building was converted into flats and is now one of four modern flats offering a great investment opportunity. This one bedroom flat is located on the first floor, has a 999 year lease which commenced in January 2018 and is offered with a quarter share of the freehold. Currently the flat is rented on an AST for 12 months which commenced on 30th October 2020 and is returning £750pcm. The flat is in excellent order and provides a spacious open plan living area with one bedroom, bathroom and there is also a further room leading off the sitting room that could be utilised in many ways, possibly a great space for a study/dining room. There are two allocated parking spaces to the rear and a communal hall with personal intercom system and an individual mail box.

Tenure

Leasehold. 999 years from January 2018

Accommodation

Communal hall, stairs to first floor. Open plan living room/kitchen, study/dining room, bedroom, bathroom.

Outside

To the rear of the building there are two allocated parking spaces

Viewings

Open Viewings can be scheduled - the next are Thursday 26 November - APPOINTMENT ESSENTIAL - please call the Norwich office on 01603 505100 to book your 15-minute slot on the next viewing day.

Energy Efficiency Rating (EPC)

Current Rating E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Suffolk County Council

Solicitors

Burnett Barker, Collingwood House, 20 Whiting Street, Bury st Edmunds, IP33 1NX, Ref: Angela Dauney, Tel: 01284 701131

Additional Fees

Administration Charge - £754 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.