*Guide | £180,000 - £200,000 (plus fees)
- Block of Apartments
- 4 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
High yielding freehold residential investment comprising two maisonettes let producing £16,800 pa
This four storey mid terrace property with sea views extends to around 148 sq/m. It was converted in the 1980s into two self contained two bedroom maisonettes and they are let producing £16,800 pa. Flat 1 is a two bedroom maisonette with accommodation on the basement and ground floor accessed from the rear let to a long established tenant on an assured periodic tenancy dated 5th November 2014 at £700 pcm (£8,400 pa). Flat 2 is a two bedroom maisonette on the first and second floor accessed from the front let to an established tenant on an assured periodic tenancy dated 22nd November 2019 at £700 pcm (£8,400 pa). Both are double glazed and have gas central heating. This high yield makes it an attractive buy to let investment opportunity. First time to market in almost 30 years.
Tenure
Freehold
Flat 1 (70 sq/m)
Basement: kitchen, sitting room Ground floor: landing, two bedrooms, bathroom
Flat 2 (78 sq/m)
Ground floor: entrance hall First floor: landing, kitchen, bathroom, sitting room Second floor: two bedrooms
Outside
Rear communal garden
Council Tax Band
A
Energy Efficiency Rating (EPC)
Current Rating Flat 1: D Flat 2: E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
North Norfolk District Council
Solicitors
Spire Solicitors LLP (Norwich), Ref: Tracy Guest, Tel: 01603 886221
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Buyer's Premium - £960 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
