38 King Street, Great Yarmouth, Norfolk NR30 2PN
- PROPERTY TYPE
Block of Apartments
- BEDROOMS
6
- SIZE
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- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- High yielding residential investment producing £22,200 pa
- Five flats, four let, one vacant
- Guide price: £160,000 - £180,000
- For sale by online livestream auction
- Unless previously sold or withdrawn prior
- 11:00am - Wednesday 01 May 2024
Description
FOR SALE BY LIVESTREAM ONLINE AUCTION - 11:00AM, WEDNESDAY 01 MAY 2024
TO REGISTER FOR LEGAL PACK AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
High yielding residential investment comprising five flats
Four let, one vacant producing £22,200 pa
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.
Tenure: Freehold
EPC Rating: 1:E, 2:D, 3:E, 4:D. 5:C
Administration Fee: 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.
Energy performance certificate - ask agent
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
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38 King Street, Great Yarmouth, Norfolk NR30 2PN
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Great Yarmouth Station0.6 miles
- Berney Arms Station4.3 miles
About the agent
Auction House, Covering East Anglia
The Barn Newmarket Road Cringleford Norwich NR4 6UE
Market position
Auction House East Anglia are firmly established as East Anglia's no.1 property auctioneers (based on lots sold) and we sell over 80% of lot entries in our local auctions. We hold regular auctions in Norfolk and Suffolk and Cambridgeshire and have offices in Norwich, Kings Lynn, Peterborough and Ipswich.
Trusted BrandAuction House East Anglia is part of the Auctio
Industry affiliations
Notes
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Visit our security centre to find out moreDisclaimer - Property reference 202402281733sq_6202. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Auction House, Covering East Anglia. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
Auction Fees: The purchase of this property may include associated fees not listed here, as it is to be sold via auction. To find out more about the fees associated with this property please call Auction House, Covering East Anglia on 01603 361653.
*Guide Price: An indication of a seller's minimum expectation at auction and given as a “Guide Price” or a range of “Guide Prices”. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a “Reserve Price” below which the property cannot be sold at auction. Normally the “Reserve Price” will be set within the range of “Guide Prices” or no more than 10% above a single “Guide Price.”
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