High yielding freehold residential investment comprising five let one bedroom flats producing £26,260 pa

This three storey mid terrace property is arranged as five self-contained flats let to long term settled tenants on Assured Shorthold Tenancies producing £505 per week (£26,260 pa). Flat 1 Six month AST dated 3rd June 2017, £110 per week Flat 2 Six month AST dated 25th April 2005, £95 per week Flat 3 Six month AST dated 3rd April 2019, £110 per week Flat 4 Six month AST dated 25th April 2005, £95 per week Flat 5 Six month AST dated 25th April 2005, £95 per week This is an ideal opportunity for an investor looking for a high yielding investment.

Tenure

Freehold

Lower ground floor

Cellar

Ground floor

Communal entrance hall Flat 1: entrance hall, bedroom, shower and wc, sitting room / kitchen Flat 2: kitchen, sitting room, bedroom, separate wc and shower

First floor

Flat 3: entrance hall, shower and wc, kitchen, sitting room, bedroom Flat 4: entrance hall, sitting room, kitchen, bedroom, shower and wc

Second floor

Flat 5, entrance hall, bedroom, shower and wc, sitting room, kitchen

Outside

Rear yard used by flats 1 & 2.

Location

It is located around half a mile from the town centre, close to the beach and a range of services and amenities.

Council Tax Band:

A

Viewings

Open viewings are arranged in conjunction with the tenants. These are on Thursday 25 May, Thursday 1 and Wednesday 7 June. To book an appointment please call the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating Flar 1: D, Flat 2: E, Flat 3: C , Flat 4: C, Flat 5: 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, Tel: 01493 849200

Additional Fees

Buyer's Premium - £900 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.