Mixed use investment comprising a vacant shop and two let flats producing £9,096 pa

This lot comprises a ground shop and two flats. No 163 is a ground floor shop which was until recently let to a hairdresser at £90 pw (£4,680 pa) and is now vacant. 163a is a one bedroom first floor flat let at £390 pcm (£4,680 pa). 163b is a one bedroom ground floor flat let at £368 pcm (£4,416 pa) The flats are both accessed via St Nicholas Terrace to left hand side When all three units were let it was producing £13,776 pa and is now producing £9,096 pa giving a healthy yield for an investor.

Tenure

Freehold

Location

The property is located less than two miles north of the town centre close to a range of services and amenities.

Note

According to the valuation office website the ground floor shop has an area of 39.21 sq/m and a rateable value of £3,350 with effect from 1st April 2023.

Council Tax band

A

Energy Efficiency Rating (EPC)

Current Rating D, 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

HKB Wiltshires (Great Yarmouth), Ref: Sarah Harris, Tel: 01493 855676

Offered in association with

Northgates Letting Agency

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.