For sale by auction on Wednesday, 01 May 2024 at 11:00

Venue: Livestream Auction

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.

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.

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

Viewings

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.
Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.