Three flats plus Freehold for seven Residential units and one commercial property

An ideal investment opportunity, the three, one bedroom flats all come with one allocated parking space and currently have tenants in situ. The properties also benefit from electric heating and double glazing. The current rental income for the three flats are: Flat A, 7 Old Sunway - £550 pcm (£6,600 pa). Flat C, 7 Old Sunway - £425 pcm (£5,100 pa). 10 Old Sunway - £525 pcm (£6,300 pa). The income for the Freehold is: 4 Further flats service charge and ground rent - £2,400 pa 1 Commercial property is on an annual rent rate of one peppercorn pa. The flats are located in Kings Lynn town centre with its wide range of shopping facilities. There is also a bus station and mainline railway station with services to Cambridge and London Kings Cross.

Tenure

Leasehold

Flat A, Old Sunway accomodation

Lounge, kitchen/ diner, bedroom, shower room

Flat C, Old Sunway accommodation

Open plan lounge/ kitchen/ diner, bedroom, en-suite bathroom

10 Old Sunway accommodation

Open plan lounge/ kitchen/ diner, bedroom, bathroom

Lease details

882 Years remaining Service charge - £500 pa Ground rent - £100 pa

Viewings

We have no access to these properties due to Covid restrictions

Energy Efficiency Rating (EPC)

Current Rating All = D

Services

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

Local Authority

Kings Lynn and West Norfolk Borough Council. Tel: 01553 616200

Solicitors

Chamberlins, 4 Crown Road, Great Yarmouth, NR30 2JP, Ref: Paul Ward, Tel: 01493 720019

Additional Fees

Buyer's Premium - £500 inc VAT payable on exchange of contracts.

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.