Investment opportunity to acquire commercial shop with four apartments above producing a good yield of £52,749 pa (12.4%)

This mixed use opportunity commands a notable presence in the seaside resort of Great Yarmouth and is producing a combined income of £52,740pa. (12.4% yield). The ground floor consists of two commercial rooms, with a current longstanding tenant. Its upper levels consists of four thoughtfully appointed apartments all currently let on assured shorthold tenancies. Each consists of an open plan kitchen/living area, bedroom and bathroom. Beyond its exceptional interiors, this property enjoys a strategic location that places it in close proximity to a wide array of the local amenities and natural surroundings. Residents will find themselves within easy reach of shopping centres, dining establishments, recreational facilities and natural surroundings, catering to every lifestyle need and preference. Retail Area: Currently producing £20,0000 increasing to £25,000 after 5 years Upper level Apartments: Producing £32,740 pa

Tenure

Freehold

EPC

Right Hand Shop = C Left Hand Shop = D Flats = D

Ground floor

Two retail areas currently let to one tenant

First floor

Two one bedroom apartments

Second floor

Two one bedroom apartments

Council Tax Band

Flats = A

Note

48 hours notice will be required to tenants for viewings.

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

Ward Gethin Archer (Dereham), Ref: Tracy Guest, Tel: 01362 852918

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.