Substantial investment property producing £32,000pa situated in the centre currently licenced for eight bedsits and in need of some maintenance

Substantial Victorian terraced property which has been licenced with Gt Yarmouth borough council for over 20 years. Comprising of eight bedsits with established tenants, the property is currently fully let and is producing an income of £32,000pa. There are three bedsits on the ground floor, three on the second floor and two on the second floor. All tenants are on AST agreements which will form part of the legal pack and all would like to remain in situ. In need of some maintenance internally, which would enhance the property, tenants and potential yields. Ideal investment property.

Tenure

Freehold

Ground Floor

Communal hall, Flats 1, 2 and 3, communal toilet

First Floor

Landing, Flats 4, 5 and 6 with communal toilet

Second Floor

Landing, Flats 7 and 8

Council Tax Band

A

Energy Efficiency Rating (EPC)

Current Rating See 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

Cozens-Hardy LLP, Ref: Rebecca Edwards, Tel: 01603 724644

Additional Fees

Buyer's Premium - £960 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.