Residential investment comprising a let terrace house on a regulated tenancy producing £5,252 pa

This three bedroom mid terrace house is let on a regulated tenancy to a long established tenant who has been in occupation for many years. The current passing rent is £101 per week. The property does not have central heating, however is mostly double glazed. Remedial work is required in the sitting room and there is a recent quote of £1,390 plus VAT to rectify this. The house is located close to the town centre near a range of services and amenities. This would appeal to a long term investor.

Tenure

Freehold

Ground Floor

Sitting room, dining room, kitchen, bathroom, utility

First Floor

Three bedrooms (third through second)

Outside

Small front area, mature rear garden, wooden shed.

Energy Efficiency Rating (EPC)

Current Rating G

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

Hawkins Ryan, 19 Tuesday Market Place, Kings Lynn, PE30 1JW, Ref: Colin Bosher, Tel: 01553669070

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.