Highly productive investment property - two flats and four bedrooms with shared facilities

A prominent two-storey property located close to the town centre. The property will be sold with vacant possession and offers an excellent opportunity for investors to either let the property on an individual room basis or as the current arrangement, which is two self-contained one bedroom apartments and four double bedrooms with shared facilities. Once fully let, the property has the potential to earn a gross income in excess of around £80,000pa as serviced accommodation. Watton is approximately twenty-five miles west of Norwich and is well served by a comprehensive range of employment areas, shops and recreational facilities.

Tenure

Freehold

Description

Ground Floor

Hall. Flat 1: Lounge, double bedroom, kitchen, shower room. Flat 2: Lounge, bedroom, kitchen, shower room, separate w.c.

First Floor

Landing, four double bedrooms, shared bathroom.

Outside

Shingle parking areas, small courtyard area.

Viewing

Open days

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

Breckland District Council. Tel: 01362 695333

Solicitors

Gotelee Solicitors, 6 Quay Point, Station Road, Woodbridge IP12 4AL, Ref: Oliver Ray, Tel: 01394 382777

Additional Fees

Administration Charge - 0.3% including VAT subject to a minimum of £840.00 including VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.