Investment opportunity of five individual flats currently producing £17,640pa with further potential as two flats need completion

A great investment opportunity to acquire a freehold property situated in the centre of the historic market town of Kings Lynn. This impressive building has been carefully adapted offering five flats, three are refurbished to a high standard and are currently let on ASTs producing £17,640pa. There are two further flats, one on the first floor and one on the second floor that need completing. Once completed, a potential income of £30,180pa could be achieved. Each flat is unique, on the ground floor there is a studio and to the rear a larger one bedroom with courtyard garden. The first floor provides one refurbished one bedroom (no access was gained to this flat) along with a further one bedroom in need of works. Second floor provides the largest flat offering two generous bedrooms, this also needs completing.

Tenure

Freehold

Ground Floor

Communal hall with stairs to first floor and doors leading to: Flat 1: Studio - Generous sitting room/bedroom, kitchen, shower room Flat 2: One Bedroom - Hall, storage, bedroom, open plan lounge/kitchen

First Floor

Landing with stairs to second floor and doors leading to Flat 3: One Bedroom - Open plan lounge/kitchen, bedroom, shower room Flat 4: One Bedroom - Needs modernisation

Second floor

Landing leading to: Flat 5: Two Bedroom - Needs modernisation

Energy Efficiency Rating (EPC)

Current Rating C&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

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

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.