Three self contained one bedroom flats currently let producing £10,560 pa

This substantial end terrace house was converted many years ago into three self contained one bedroom flats. All are currently let and produce a combined income of £10,560 per annum. The property could benefit from updating which would enhance the property and create the possibility of a higher income. There is a large basement which could also expand the living accommodation and there is a pleasant rear garden and off road parking. The property is excellently situated adjacent to a parade of shops and is a short walk from the High School and town centre.

Tenure

Freehold

Lower Ground Floor

Three basement rooms currently storage

Ground Floor

Hall, Flat 1 Lounge, kitchen, shower room, bedroom.

First Floor Landing - Flat 2

Landing, Lounge, kitchen, bedroom, shower room, sep wc.

Second Floor Landing - Flat 3

Landing, Lounge, kitchen, bedroom, shower room, sep wc.

Outside

Off road parking to front and pleasant sheltered rear gardens for shared use of tenants

Tenancies

All tenants are currently on AST's paying monthly rents of £320, £280 and £280, all are currently holding over.

Energy Efficiency Rating (EPC)

Current Rating tbc

Services

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

Local Authority

Breckland Council. Tel: 01362 656870

Solicitors

Hayley Wright Ltd, 46 Wells Road, Fakenham, NR21 9AA, Ref: Hayley Wright, Tel: 01328 853939

Additional Fees

Buyer's Premium - £420 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.