Freehold one bedroom ground floor flat let producing £440 pcm (£5,280 pa)

This spacious one bedroom ground floor flat extends to around 48 sq/m and has its own entrance and rear yard area. It is let to a long established tenant who has been in occupation for around nine years on an assured shorthold tenancy at £440 pcm (£5,280 pa). The property is in need of improvement and benefits from double glazing, gas fired central heating to radiators and enclosed garden. The property is located close to the town centre. It has been in the same ownership for nearly 40 years and would suit a buy to let investor.

Tenure

Freehold

Ground floor

Sitting room / dining room, kitchen, bedroom, bathroom

Outside

Rear yard

Note

The freehold includes number 37 which is the flat above. This is held on a 99 year lease from 8th September 1989 with 63 years unexpired providing a reversionary interest.

Council Tax Band

A

Energy Efficiency Rating (EPC)

Current Rating Please refer to legal pack

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

EG Law, Ref: Naomi Phillippo, Tel: 01508 500351 or 01508 486462

Additional Fees

Administration Charge - £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.