Established large HMO offering 22 occupied rooms situated in the centre of Great Yarmouth producing a gross income of £117,480.

Compliant HMO established for over 30 years with lawful use provided in 2014. Offering 22 occupied rooms with all tenants having a licence to occupy. Each room has its own bathroom facilities and there are four shared kitchen facilities for tenants use. The property has been producing a gross income of £117,480 and a net income of £85,000 with each tenant paying £445 pcm. The basement of the building offers potential for a further 4 rooms this would increase the current yield. The building has a fire and electrical certificates and each room has its own Metro metre for electric supply.

Tenure

Freehold

Accommadation

22 rooms, 22 bathroom facilities, 4 kitchens

Council Tax Band

F

Viewings

Viewings are being held STRICTLY BY APPOINTMENT ONLY on the following days Tuesday 12 November Tuesday 19 November Friday 29 November Friday 6 December Please contact the Norwich Office to confirm your appointment time.

Energy Efficiency Rating (EPC)

Current Rating E

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

Martin Shepherd Solicitors, Ref: Surjit Bansal, Tel: 020 8343 5572

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.