High yielding residential investment producing £21,320 pa.

This Grade II listed three storey townhouse is split into five self contained flats (3 x one bedroom flats, 1 x two bedroom flat and a studio flat). All are let on assured shorthold tenancies (AST's) producing £21,320 pa. Each flat has its own gas supply with separate electricity meters and are separately banded for council tax. All the bills, except for water, are payable by the tenants. Floor plans are available from the auctioneers. This is an attractive opportunity for an investor. Flat 1 £90.00p.w. 6 month AST dated 18th October 2014 Flat 2 £65.00p.w. 6 month AST dated 18th September 2014 Flat 3 £85.00p.w. 6 month AST dated 10th November 2014 Flat 4 £75.00p.w. 6 month Ast dated 29th December 2014 Flat 5 £95.00p.w. 6 month Ast dated 4th September 2014

Tenure

Freehold

Description

Ground Floor: Communal entrance hall. Ground Floor: Flat 1: Sitting room/kitchen, bedroom, bathroom.

Ground Floor: Flat 2:

Sitting room/kitchen, bedroom, shower room.

First Floor: Flat 3:

Sitting room/kitchen, bedroom, bathroom.

First Floor: Flat 4:

Bedroom/sitting room, bathroom, kitchen.

Second Floor: Flat 5:

Entrance hall, two bedrooms, kitchen/sitting room, bathroom.

Outside:

Rear yard.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating Flat 1 - D Flat 2 - D Flat 3 - D Flat 4 - D Flat 5 - E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

The Borough Council of King's Lynn and West Norfolk. Tel: 01553 692722

Solicitors

Norton Legal, Unit 8 Beech Avenue, Taverham, Norwich NR8 6HW, Ref: Mrs T Guest, Tel: (01603) 864331

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.