High yielding residential investment comprising five flats Four let, one vacant producing £22,200 pa

This attractive period freehold end terrace property comprises of five self-contained flats with accommodation over three floors. There is one studio flats, three one bedroom flats and one two bedroom flat. Currently four flats are let and one is vacant producing £1,850 pcm (£22,200 pa). Fully let it could produce around £2,250 pcm (£27,000 pa). The property is not listed, however lies within a conservation area. The property is located just south of the town centre near a comprehensive range of services and amenities. This is an ideal opportunity for an investor looking for a high yielding investment.

Tenure

Freehold

Rents

All are on Assured Shorthold Tenancies: Flat 1 - £400 pcm (one bed) Flat 2 - £450 pcm (studio) Flat 3 - £450 pcm (one bed flat) Flat 4 - £550 pcm (two bed flat) Flat 5 - Previously let at £400 pcm (studio) now vacant

Ground floor

Basement flat 5: lounge / bedroom, kitchen, shower room Flat 4: Entrance hall, lounge, two bedrooms, kitchen, shower room

First floor

Flat 2: bedroom / lounge, kitchen, shower room Flat 1: lounge, bedroom, kitchen, shower room

Second floor

Flat 3: bedroom, lounge, kitchen, shower room

Outside

Enclosed courtyard garden for use of flat 4 only

Council Tax Band

A

Viewings

Viewings are arranged in conjunction with the tenants. The next are on Thursday 25th April. To book an appointment please call the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating 1:E, 2:D, 3:E, 4:D. 5:C

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

22 Law, Ref: Claire Stanton, Tel: 0191 432 4408

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.