Self contained studio flat currently let producing £4,440p.a.

A renovated self contained studio flat located in an attractive terrace building just off Marine Parade, close to the sea front and town centre. The property is currently let to an assured shorthold tenant producing an income of £370pcm (£4,440p.a.) commencing 15th May 2014 for a period of six months. The property is sold on a long lease of 125 years which commenced on the 1st January 2014. Great Yarmouth is a popular east norfolk seaside town approximately 21 miles east of Norwich.

Tenure

Leasehold

Description:

Ground floor: Shared entrance hall, living room/bedroom/kitchen area separate shower room, w.c. & washbasin.

Outside:

Small communal front gardens.

Tenancy:

Property is subject to an assured shorthold tenancy (AST) for the term of 6 months commencing 16th May 2014 at a rent of £370pcm (holding over) current rent reserve £4,440p.a.

Tenure:

Leasehold for the remainder of a 125 year lease commencing 1st January 2014. Annual ground rent £175p.a.

Note:

In addition to the administration charge, the purchaser will be required to pay a buyers premium of £540 (£450+VAT).

Viewing

Open days - dates and times to be confirmed

Energy Efficiency Rating (EPC)

Current Rating D

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. Tel: 01493 856100

Solicitors

Suriya & Douglas, Charter House, 450 High Road, Ilford IG1 1UF, Ref: Amyn Nazerali, Tel: 020 8514 3642

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.