Withdrawn | Lot 10A

69-70 Marine Parade, Great Yarmouth, Norfolk, NR30 2DQ

Withdrawn

  • Block of Apartments
  • 27 Bedrooms
  • Tenure: Leasehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 23/10/2019

Auction Time

11:00

Auction Venue

The Sunningdale Suite Dunston Hall Hotel, Ipswich Road, Norwich, NR14 8PQ

Viewing Times:

Fri 18 Oct

11:00-11:30

A block of 27 apartments located on the seafront at Great Yarmouth with a potential gross income of £106,000 pa when fully let

Located almost opposite the Britannia Pier, this house of multiple occupation has been divided into twenty apartments, most with self contained facilities. The majority are currently let and the remaining units are being prepared for re-let. There is a new fire safety certificate and the property has been upgraded by the current owner. The current rent paid is £30,000 pa for the remainder of a 125 year lease. Tenants are liable for electricity bills and council tax. Water bills are paid by owner (currently in the region of £1,200pa).

Tenure

Leasehold

Accommodation

Shared hallways, ground, first, second and third floor studio and one bedroom units most with self contained facilities. some shared toilets and shower facilities.

Tenancy details

The current tenants include many long standing occupants. Recent lets are signed up on six months assured shorthold tenancies. Current rents range from £75-£100 each.

Lease Details

The property is held on the remainder of a 125 year commercial lease (commenced on 01.04.2005). Current rent £30,000 pa

Viewing

Please call the Auctioneers - 01603 505100

Energy Efficiency Rating (EPC)

Current Rating - please refer to Legal Pack

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

Rogers & Norton, The Old Chapel, 5-7 Willow Lane, Norwich, NR2 1EU, Ref: Conveyancing Dept, Tel: 01603 675605

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £900 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.