*Guide | £70,000 - £90,000 (plus fees)
- Terraced House
- 4 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Hall entrance terrace in Great Yarmouth, currently let and producing a Gross income of £11,960 per annum
This hall entrance house would benefit from further investment and improvement works to maximise its full potential. It presents an opportunity for buyers to enhance both rental yield and capital value, subject to any necessary consents. The property is currently occupied by four tenants. However, due to the property not being a permitted House in Multiple Occupation (HMO), it is understood that one tenant will be relocating prior to completion. The property will therefore be sold with three tenants remaining. The current rental arrangement is £230 per week, based on the three remaining occupiers. This equates to a total annual Gross income of approximately £11,960.
Tenure
Freehold
Ground floor
Entrance hall, bedroom, sitting room bedroom
First Floor
Bedroom, bathroom and kitchen. Stairs to attic room.
Agents Note
The property produces a Gross annual income with the three tenants of £11,960 and the landlord is responsible for all bills excluding electricity which all tenants is responsible for their own electricity usage, with individual meters in place.
Viewings
Viewings are currently being arranged. Please call the Norwich Office to book your viewing slot.
Council Tax Band
A
Energy Efficiency Rating (EPC)
Current Rating D
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
Lucas and Wyllys (Great Yarmouth), Ref: Julie Garrod, Tel: 01493 855555
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
