Call the team on 01603 505 100 for more information
Six refurbished self contained flats - five vacant, one let
This large three storey property comprises of six flats. Currently five are vacant and one is let producing £7,280pa. When fully let the building could provide an income of over £40,000 pa. The flats have been recently refurbished, are double glazed and have modern kitchens and bathrooms. Each flat has a separate gas and electricity supply. The property is located around a mile north of the town centre close to the beach. This is an ideal opportunity for an investor looking for a high yielding investment.
Tenure
Leasehold
Flat One
Duplex three bedroom flat let on an Assured Shorthold Tenancy at £140pw (£7,280pa). Ground Floor: Entrance hall, sitting room, two bedrooms, kitchen, shower room and w.c.
Flat Two
Duplex vacant two bedroom flat, Open Market Rental Value £600pcm. Ground Floor: Entrance hall, sitting room First Floor: Landing, kitchen, bathroom, two bedrooms
Flat Three
First floor vacant two bedroom flat, Open Market Rental Value £600pcm. Accommodation: Entrance hall, two bedrooms, bathroom, sitting room, kitchen
Flat Four
Second floor vacant studio flat, Open Market Rental Value £450pcm. Accommodation: Entrance hall, bathroom, kitchen/sitting room/ bedroom.
Flat Five
Second floor vacant two bedroom flat, Open Market Rental Value £600pcm. Accommodation: Entrance Hall, two bedrooms, bathroom, sitting room, kitchen
Flat Six
Third floor vacant one bedroom flat, Open Market Rental Value £525pcm. Accommodation: Landing, w.c., bathroom, bedroom, sitting room/kitchen
Outside
Communal front, side and rear yard area.
Energy Efficiency Rating (EPC)
Current Rating E, E, C, D, C C
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
Solicitors
Leathes Prior, 74 The Close, Norwich, NR1 4DR, Ref: Mr Stephen Wilson, Tel: 01603 281012
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
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £840 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.