Sold £27,000
- Block of Apartments
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Freehold ground rent investment producing £1,600 pa secured on a shop and 16 flats
This freehold ground rent is secured upon a shop with two flats above sold off on 125 year leases from 2007 and a further two blocks of 14 flats to the rear sold off on 999 year leases with effect from 1st January 2017. There is a ground rent of £100 pa per flat for the 14 flats and shop and £50 per flat for the two flats above the shop (£1,600 pa). Copies of the leases along with further information on the service charges will be in the online legal pack. This would appeal to a long term investor looking for an attractive yielding secure income.
Tenure
Freehold
Description
The shop 165 High Street trades as a hairdresser called Fusion with two flats above. The modern two separate blocks of flats to the rear have accommodation over three floors, and are accessed via Duke Road.
Energy Efficiency Rating (EPC)
Current Rating C, D
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
Spire Solicitors LLP (Norwich), Ref: Caroline Tims, Tel: 01603 677061
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
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.
