High yielding residential investment comprising three let one bedroom flats producing £16,640 pa

This freehold three storey mid terrace property comprises of three self-contained flats. Currently all are let producing £320 per week (£16,640 pa). All are on Assured Shorthold Tenancies: Flat 1 Six month AST dated 17th February 2023, £120 pw Flat 2 Six month AST dated 5th June 2021, £110 pw Flat 3 Six month AST dated 7th October 2012, £90 pw It is located in the town centre near the Market Gates shopping centre close to a comprehensive range of services and amenites. This is an ideal opportunity for an investor looking for a high yielding investment.

Tenure

Freehold

Ground floor

Communal entrance hall Flat 1: sitting room, bedroom, kitchen, shower and wc

First floor

Landing Flat 2: kitchen, sitting room, bedroom, shower and wc

Second floor

Flat 3: sitting room, shower and wc, bedroom, kitchen

Outside

Rear yard used by flat 1

Council Tax Band

A

Viewings

Open viewings have been arranged with the tenants on the following days: Thursday 2, Wednesday 8 and Tuesday 14 March. APPOINTMENT ESSENTIAL Please call the Norwich office to book an appointment on one of these days.

Energy Efficiency Rating (EPC)

Current Rating Flat 1: D, Flat 2: C, Flat 3: E

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

Norton Peskett (Great Yarmouth), Ref: Katie Youngman

Additional Fees

Buyer's Premium - £500 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.