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.

Tenure

999 years from 29 September 1887

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

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.