Investment Opportunity. Block of four self-contained residential flats in prime Golden Triangle location. One flat was let until recently producing £750pcm. Three further flats require works to complete giving a potential yield in excess of £36,000 pa following completion.

A block of four self-contained residential flats situated close to the city centre of Norwich. Flat no 4 is a well-presented one bedroom ground floor studio flat with separate kitchen and bathroom. Until recently it was tenanted producing £750 pcm (£9,000 pa) and has its own separate entrance. The other three are in need of works to complete. Current layout would suggest a large one bedroom studio flat on the ground floor, a generous sized apartment on the first floor (which could be split into a one bedroom and separate studio flat if required) and on the upper floor is a further one bedroom studio apartment. All of these apartments require work to complete but once finished the property would yield in excess of £36,000 pa. In a prime Golden Triangle location within Norwich city centre popular with professionals and students. Great opportunity for an investment purchase.

Tenure

Freehold

Flat 4

Now vacant - previously let on AST for £750pcm

Parking

Permit parking available on the street

Council Tax Band

A

Viewings

Open viewings are arranged on Tuesday 10 February. To book an appointment please contact the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating E, E, E, D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Norwich City Council

Solicitors

DKLM LLP, Ref: Charles Slater, Tel: 020 7549 7452

Additional Fees

Buyer's Premium - £1560 inc VAT payable on exchange of contracts.

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.