High yielding residential investment producing nearly £16,000 pa Three terrace houses to be sold as one lot

Formerly a painters workshop the property was redeveloped to create a row of three two bedroom terraced properties around 25 years ago. Currently all are let producing £15,852 pa. The properties are double glazed, however are in need of improvement. The property is situated in a predominantly industrial area just south of the town centre close to a range of services and amenities. This is an ideal opportunity for an investor looking for a high yielding investment. Description: No 1 (61.82 sq/m, 665 sq/ft) Two bedroom terrace house let on an Assured Shorthold Tenancy at £411 pcm (£4,932 pa) Ground floor:: sitting room, kitchen First floor: landing, two bedrooms Outside: shared inner yard with no 2, small front area No 2 (42.95 sq/m, 462 sq/ft) Two bedroom terrace house with separate side access let on an Assured Shorthold Tenancy at £410 pcm (£4,920 pa) Ground floor:: sitting room, kitchen First floor: landing, two bedrooms Outside: shared inner yard with no 1, small front area No 3 (60.48 sq/m, 651 sq/ft) Two bedroom terrace house let on an Assured Shorthold Tenancy at £500 pcm (£6,000 pa) Ground floor:: sitting room, kitchen First floor: landing, two bedrooms Outside: rear yard, small front area

Tenure

Freehold

Energy Efficiency Rating (EPC)

Current Rating 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. Tel: 01493 856100

Solicitors

Lambert Pugh, 19 Charing Cross, Norwich, NR2 4AX, Ref: John Lambert, Tel: 01603 462796

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 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.