Sold Prior
- Terraced House
- 8 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
An investment opportunity to acquire a freehold of five flats situated on the east coast in the seaside resort of Lowestoft.
This freehold property has been converted into five flats comprising of two one bedroom flats and three two bedroom flats. The flats are divided over five floors. The one bedroom basement flat is currently in the process of being refurbished and is vacant. The ground floor flat is a one bedroom rented on an AST achieving £400pcm. The first floor offers a two bedroom flat on an AST achieving £525pcm. The second floor offers a two bedroom flat on an AST achieving £525pcm. The attic offers a two bedroom flat on an AST achieving £500pcm. This is a great opportunity for an investor or with the necessary planning the flats could be divided. Fully occupied the potential income is £28,200pa.
Tenure
Freehold
Basement - Flat 1
Private entrance, lounge, kitchen, hallway, bedroom, bathroom, private garden
Ground Floor - Flat 2
Shared entrance and hallway, lounge, bathroom, bedroom, kitchen, private garden
First Floor - Flat 3
Landing, lounge / kitchen, bathroom, two bedrooms.
Second Floor - Flat 4
Landing, lounge / kitchen, bathroom, two bedrooms.
Third Floor - Flat 5
Accessed from second floor.Private lobby, stairs to landing, lounge / kitchen bathroom, two bedrooms.
Outside
Basement and ground floor flats have their own private gardens. There is a communal garden for the flats on the first, second, and third floors.
Energy Efficiency Rating (EPC)
Current Rating D, 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
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.
Floor Plans
Click the image to view the full-sized floorplan.
