Old Market Street, Thetford, Norfolk, IP24

An OPPORTUNITY to add to your property portfolio. This freehold property contains TWO FLATS with a combined income of £1495pcm and is being sold on a ‘BUY TO LET’ basis giving a rental yield of approximately 7.2%.

Each flat is approximately 566 sq ft with one bedroom, spacious lounge, separate kitchen and modern bathroom. The building itself is accessed via a right of way through the underpass of ‘Town House’ with parking and unkept gardens to the rear. Vacant possession available on both units from August'24 (contact office for further details).

FEATURES:
Tenure: Freehold
Heating: Gas central heating (In both properties with separate boilers)
Doors/Windows: UPVC double glazing
Parking: Off Street parking
Council Tax 2023/24 - A £1,444.19

In more details the flats each comprise of:

COMMUNAL HALL:
Stairs to first floor.

ENTRANCE HALL:
Large storage cupboard.

KITCHEN:
Range of base units with built in oven, hob and extractor over, sink, spaces for fridge freezer and washing machine.

LOUNGE:
Window.

BEDROOM:
Window.

SHOWER ROOM:
White suite comprising of low level wc, handbasin and shower cubicle.

OUTSIDE:
The properties are access via under pass with off street parking space for each flat and garden to rear (please refer to title plan).

Agents Note:
1) Internal stock photos used, from previous advertisement.
2) Flat 1 (Ground Floor) tenants in place on fixed lease until August 2024 at £795pcm
3) Flat 2 (First Floor) on a rolling tenancy agreement at £700pcm
4) Properties not sold separately – buyer will be taking on full freehold title.
5) In respect of the title deed, the area in green is not owned by this property and is parking spaces for the building 29 Old Market Street.
5) Vacant possession available on both units from August 2024 (call office for further details).

Thetford is situated in the south of Norfolk, in close proximity to the county border with Suffolk. By road it is 33.8 miles (54.4 km) northeast of Cambridge and 30.7 miles (49.4 km) southwest of Norwich. It lies on the River Little Ouse. On the western side of Thetford is Thetford Forest, which is heavily forested with pine trees. Brettenham Heath National Nature Reserve is to the northeast, near the hamlet of Roudham. To the southeast of Thetford is Nunnery Lakes Nature Reserve, covering about 200 acres, with breckland heath, woodland, fen and open water habitats and 2 kilometres (1.2 mi) of paths. The town is well served and includes a mainline railway station with easy access to London, The Midlands and The North. There are the usual town centre amenities and there is a sports centre complex with swimming pool. Located within the Brecks and with easy access to the surrounding beautiful pine forests Thetford is well located for a range of outdoor activities.