Investment opportunity, a one bedroom end terraced coach house currently let producing £5,400 pa

This one bedroom end of terrace coach house is being sold with tenant in situ and is let on an assured shorthold tenancy which commenced in 2019. The tenant is currently paying £450 pcm (£5,400 pa). Benefitting from double glazing, gas fired central heating and allocated parking, as well as convenient for local amenities and bus stops. Sutton Bridge is a village situated on the A17 road, 7 miles north from Wisbech and 9 miles west from King's Lynn.

Tenure

Leasehold. 125 year lease from 1st January 2012.

Ground Floor

Hall, lounge, kitchen, wc

First Floor

Landing, bedroom, bathroom

Outside

Allocated parking

Lease Details

125 year lease from 1st January 2012. Ground rent & Maintenance Charges approx. £1261.73 for 2020 includes building insurance, maintenance of communal areas, grounds and outside lighting.

Energy Efficiency Rating (EPC)

Current Rating C

Services

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

Local Authority

South Holland District Council. Tel: 01775 761161

Solicitors

MCP Solicitors, 8 York Row, Wisbech, PE13 1EF, Ref: Claire James, Tel: 01945428005

Additional Fees

Buyer's Premium - £600 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.