A one bedroom ground floor flat currently let producing £4,560 pa

This one bedroom ground floor flat close to the town centre would make an ideal investment purchase. The property is currently tenanted and produces an income of £380 pcm (£4,560 pa), and benefits from electric heating and double glazing. St Nicholas Close is a purpose built block of flats beside St Nicholas Church and is located well for the town centre with its shopping and recreational facilities. The town centre also provides a mainline rail-link into Cambridge and London, Kings Cross.

Tenure

Leasehold

Accommodation

Entrance hall, lounge, kitchen, bedroom, shower room.

Leasehold Information

Term: 99 years from 1st January 1979 (56 years remaining) Annual ground rent amount: Nil Ground rent review period: N/A Annual service charge amount: £600.00 Service charge review period: To be advised

Council Tax Band

A

Energy Efficiency Rating (EPC)

Current Rating E

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

Solicitors

Bindman & Co, Ref: Claire Stanton, Tel: 0191 432 4408

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 £1200 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.