High yielding residential investment producing nearly £22,000 pa Five let flats

This large three storey mid terraced property with rear extension comprises of five self contained flats (four one bedroom flats and one studio flat). It extends to around 146 sqm of accommodation. Currently all the flats are let producing £21,876 pa. Each flat has a separate electricity supply. The tenant pays their own council tax and electricity bills and the landlord pays the water bill. Most of the property is double glazed. The property is located less than two miles north of the town centre close to a range of services and amenities. This is an ideal opportunity for an investor looking for a high yielding investment.

Tenure

Freehold

Description

Ground Floor

Communal entrance hall. Flat One (31 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £373 pcm (£4,476 pa) Flat Two (42 sq/m): One bedroom flat with separate rear access let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa) Accommodation: Bathroom, sitting room, kitchen, bedroom

First Floor

Landing. Flat Three (32 sq/m): Studio flat let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa) Accommodation: Kitchen / dining room, shower room and wc, bedroom / sitting room Flat Four (40 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £346 pcm (£4,152 pa) Accommodation: Sitting room / kitchen, bedroom, shower room and wc

Second Floor

Flat Five (28 sq/m): One bedroom flat let on an Assured Shorthold Tenancy at £368 pcm (£4,416 pa).

Outside

Communal front shingle area and rear yard, access to rear via side road.

Viewings

Individual appointments can be booked on Wednesday 14 and 28 April - BOOKING ESSENTIAL - Please call the Norwich office on 01603 505100 to book the next available slot

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

Great Yarmouth Borough Council. Tel: 01493 856100

Solicitors

Lambert Pugh, 19 Charing Cross, Norwich, NR2 4AX, Ref: John Lambert, Tel: 01603 462796

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.