High yielding freehold residential investment comprising three flats - two let producing £12,480 pa and one vacant

A freehold attached block of three self contained two bedroom flats. Currently numbers 20 and 21a are let on Assured Shorthold Tenancies (ASTs) and produce £120 per week each (£12,480 pa) and no 21 is vacant and in need of improvement. Fully let the property could achieve over £18,000 pa. The block has been in the same ownership for over thirty years and offers an exiting opportunity for an investor looking for a high yielding secure long term income. On instruction of an executor

Tenure

Freehold

Flat 20 (564 sq/ft)

Ground Floor: Two bedrooms, bathroom, kitchen, sitting / dining room, hallway

Flat 21 (663 sq/ft)

First Floor: Two bedrooms, bathroom, kitchen, sitting room, dining room

Flat 21a (266 sq/ft)

Ground Floor: Kitchen, bathroom, sitting / dining room First Floor: Two bedrooms

Outside

Rear yard

Council Tax Band

A

Viewings

Viewings are in conjunction with the tenants. The next are on Wednesday 28 May. To book an appointment please call the Norwich office on 01603 505100.

Energy Efficiency Rating (EPC)

Current Rating Please refer to Legal Pack

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

Solicitors

Isadores, Ref: Harriet Chaplin, Tel: 01603 611370

Additional Fees

Administration Charge - £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.