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
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.