An investment opportunity for two tenanted leasehold flats

These generous two bedroom flats are currently rented on AST. One of the flats is rented direct with the landlord and the other is managed by a letting agent. The combined income is £11,640pa. The first floor flat was accessed prior to lockdown, which is photographed. Unfortunately the tenants are shielding and therefore access cannot be gained. The flats are situated south of the river and a stroll from the seafront. The flats have individual entrances and share a rear and side garden to the dwelling. NB: DUE TO COVID 19 NO ACCESS IS BE ALLOWED FOR VIEWINGS Lowestoft is a seaside resort on the east coast and provides a good range of amenities.

Tenure

Leasehold

Ground floor flat

Kitchen, inner hall, sitting room, two bedrooms, bathroom.

First floor flat

Hall, stairs to first floor, sitting room, two bedrooms, kitchen and bathroom.

Exterior

Gates open onto the side of the property which is used for entrance to flat 11 (ground floor) and provides a garden area. To the rear of the property there is an enclosed rear garden which provides access to flat 11a (first floor). This garden is communal, laid to lawn and provides washing lines for both flats.

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

East Suffolk Council. Tel: 0333 016 2000

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich, NR8 6HW, Ref: Tracy Guest, Tel: (01603) 864331

Additional Fees

Buyer's Premium - £800 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.