Two bedroom first floor flat currently vacant with potential yield of £775 pcm situated in the centre of Dereham.

This two bedroom second floor flat is situated in the centre of Dereham and would make an ideal turn key investment. Currently vacant, the flat has the potential to yield £9,300 pa. This spacious flat is light and airy and well maintained. Offered for sale with 57 years remaining on the lease which can be extended, however suitable for cash buyers only because of this. Some improvements to update the flat and extend the lease would increase the value. Accommodation comprises spacious communal entrance hall with phone entry system, entrance hall, generous sitting room which leads to the kitchen, two bedrooms and bathroom. It also has an allocated parking space. NB: The owner is also selling another tenanted two bedroom flat on the upper floor in the same block in this auction and is managed by a local agent producing £775 pcm.

Tenure

Leasehold. 99 years from 24 June 1984

Lease details

99 years from 24 June 1984

Communal entrance

Spacious entrance with stairs to all floors, mail boxes and telecom entry

Accommodation

Entrance hall, large sitting room that extends L shaped into the kitchen, two bedrooms, kitchen and bathroom.

External

Allocated parking space within car park to the side of the building.

Council Tax Band

A

Energy Efficiency Rating (EPC)

Current Rating C

Services

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

Solicitors

Spire Solicitors LLP (Norwich), Ref: Tracy Guest, Tel: 01603 886221

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.