Well-presented one bedroom first floor flat, currently tenanted and producing £8,100 pa. An excellent turnkey investment opportunity in the popular seaside resort of Great Yarmouth.

This generous one bedroom first floor flat is situated in a block of six in a popular residential area of Great Yarmouth with good rental demand. The flat is currently occupied on a 6 month AST dating from 1st April 2025 producing a good yield of £675 pcm (£8,100 pa). The flat is in good order throughout and benefits from a modern bathroom fitted in 2024 and new boiler installed in 2022. The electrics are ECIR certificated and gas boiler is certified and it boasts a good C rating EPC. The property presents an ideal turnkey investment opportunity with tenant in situ who would like to remain.

Tenure

Leasehold. 999 years from 23rd April 1990 (964 years unexpired)

Communal Hall

Private intercom entrance with post racks and stairs to first floor

Flat

Hall, lounge/diner, kitchen, bedroom, bathroom

Lease Details

Term : 999 years from 1 January 1990 Annual Service Charge: £1,617.12 Annual Ground Rent: £30.00

Council Tax Band

A

Viewings

Viewings are being held by appointment only Please contact the Norwich Office to book your appointment time

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

Great Yarmouth Borough Council

Solicitors

Spire Solicitors LLP (Norwich), Ref: Tracy Guest, Tel: 01603 886221

Additional Fees

Buyer's Premium - £420 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.