10 bedroom block of apartments for sale

Crown Road, Great Yarmouth, Norfolk, NR30

Guide Price £600,000

Property Description

Key features

  • Click the virtual tour tab for the *** video Aerial tour of surroundings***
  • Excellent investment opportunity
  • 7 Self contained apartments, all let and generating good income
  • Parking and position opposite the Park
  • Income, lease and further reports available by request.

Full description

Tenure: Freehold

THESE PROPERTIES ARE BEING SOLD DUE TO RETIREMENT

Each of the 7 apartments has its own private parking space to the rear. There are a mixture of 3 x 2 bedroom and 4 x 1 bedroom self-contained apartments, all with electric heating and UPVC double glazing. The properties are currently rented and create an excellent income.

The sale includes the Freehold of the block and prospective investors should be aware that some of the tenants have been very long term and there is potential for rent increases moving forward.

These properties are facing the beautiful St Georges Park in the centre of Great Yamouth town and are an excellent opportunity to generate not only an annual income but will provide excellent capital growth over time due to the increasing accessibility of the East of the Anglia region.

The current owners have experienced excellent occupancy levels and have had few void periods in their 'twenty something' years of ownership.

In total there are nine units in the building, 2 of which are not included in this sale and are on 999 year leases with Ground Rent and Maintenance charges payable on an annual basis.

There has been a continual maintenance programme including the replacement of all the windows to UPVC double glazing.

Due to these flats all appreciating a southerly aspect they are all light and bright and have views in the main part over the St Georges Park. Parking spaces are allocated and the heating system is on a Night storage system.

For more information on the individual rents, Leases, risk reports or general enquires please call Morton Reeves on 01603 673322.

VISIT THE ADDRESS BELOW FOR MORE DETAILS REGARDING THE STAMP DUTY SITUATION.

https://www.gov.uk/guidance/stamp-duty-land-tax-relief-for-land-or-property-transactions

Nearest stations

  • Great Yarmouth (0.6 mi)
  • Berney Arms (4.4 mi)
Distances are straight line measurements from centre of postcode

Nearest schools

Use the school checker

To view this property or request more details, contact:

Morton Reeves Estate Agents, Norwich

206 Plumstead Road East, Thorpe St. Andrew, Norwich, NR7 9NQ

01603 950013 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Floorplans


To view this property or request more details, contact:

Morton Reeves Estate Agents, Norwich

206 Plumstead Road East, Thorpe St. Andrew, Norwich, NR7 9NQ

01603 950013 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

Map & Street View

Nearest stations

  • Great Yarmouth (0.6 mi)
  • Berney Arms (4.4 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Morton Reeves Estate Agents, Norwich

206 Plumstead Road East, Thorpe St. Andrew, Norwich, NR7 9NQ

01603 950013 Local call rate

How much will it cost me to call the number displayed on the site?

Standard geographic charges from landlines and mobiles apply and calls may be included in your telecom provider's call package.

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