High-yielding seven-bedroom licenced HMO towards the centre of Lowestoft let to a housing association on a seven year lease producing £41,640 pa gross

This terraced house is located close to Lowestoft town centre and railway station it comprises seven bedrooms over three floors. The property benefits from a modern kitchen and a shared patio to the rear. It has been let to Serco on a seven year lease. The property is generating a monthly rental of £3,470pcm (£41,640 per annum), delivering a strong yield. The property benefits from an HMO licence.

Tenure

Freehold

Ground Floor

Kitchen. dining room, living room, bathroom

First Floor

Four bedrooms, shower room, w.c.

Second Floor

Three bedrooms

Outside

Patio to the rear

Council Tax Band

B

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

East Suffolk Council

Solicitors

Leathes Prior (The Close), Ref: Rachael Hughes, Tel: 01603 281004

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

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.