An investment opportunity to purchase this HMO (house of multiple occupancy), currently producing £39,600 pa

This HMO (house of multiple occupancy) would be an ideal investment purchase with all rooms let, currently producing £39,600 pa. Previously one house, 17 Wisbech Road (The Old Bakery) is now separated into five individual flats. Outside there is a courtyard to rear and and outbuilding requiring work.

Tenure

Freehold

Flat 1

Currently let producing £500 pcm, lounge/ kitchen, shower room and mezzanine bedroom.

Flat 2

Currently let producing £725 pcm, lounge/ bedroom, kitchen, shower room.

Flat 3

Currently let producing £750 pcm, lounge, bedroom, kitchen, shower room.

Flat 4

Currently let producing £600 pcm, studio room with kitchen area, shower room.

Flat 5

Currently let producing £725 pcm, lounge, bedroom, kitchen, shower room.

Council Tax Band

C

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

Leathes Prior (The Close), Ref: Joanna Allen, Tel: 01603 610911

Additional Fees

Buyer's Premium - £1200 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.