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SOLD STC

Links House, Gorleston, NR31

Guide Price
£450,000
Added on 01/07/2021
Auction House, Covering East Anglia
PROPERTY TYPE
Block of Apartments
BEDROOMS
×8

Key features

  • Valuable Freehold residential investment
  • Block of 6 one and two bed flats in prime location
  • Current income £34,380 pa
  • Guide price: £450,000 - £500,000
  • For sale by livestream auction
  • Unless previously sold or withdrawn prior
  • 11:00am, Wednesday 28th July 2021

Property description

Tenure: Please confirm if this is a freehold or leasehold property with Auction House

SOLD AT AUCTION - £617,000

An exceptional opportunity to acquire a high quality block of six self contained one and two bedroom flats producing an annual income of £34,380

Located in a highly sought after location this block of six well maintained and excellently presented self contained apartments provide a valuable investment opportunity producing a combined income of £34,380 per annum. The rents currently charged are very competitive and offer potential to uplift the income over time. The existing tenants are well established and we understand wish to remain.

The building has 4 one bedroom flats contained within the original main house with a further 2 two bedroom flats built in 2016 following a fire.

Links House is set within well tendered mainly lawned gardens with residents off road parking. It is a short walk from the sea front in a highly popular residential neighbourhood approximately half a mile from the town centre and a short walk from the James Paget Hospital.


Flat 1 (Ground Floor)

Kitchen, lounge, bedroom, bathroom. Rent £450 pcm on an AST


Flat 2 (Ground Floor)

Kitchen/diner, lounge, bedroom, bathroom. Rent £425 pcm on an AST


Flat 3 (Ground Floor)

Hall, lounge, kitchen, 2 bedrooms, bathroom. Rent £545 pcm on an AST


Flat 4 (First Floor)

Hall, lounge, kitchen, 2 bedrooms, bathroom. Rent £545 pcm on an AST


Flat 5 (First Floor)

Kitchen/diner, lounge, bedroom, bathroom. Rent £475 pcm on an Assured Tenancy


Flat 6 (First Floor)

Lounge, kitchen/diner, bedroom, bathroom. Rent £425 pcm on an AST


Tenure
Freehold

EPC Rating: - refer to Legal Pack

Additional Fees
Buyer's Premium: £900.00
Administration Charge: £1,851.00
Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion

Links House, Gorleston, NR31

Approximate location

NEAREST STATIONS

Distances are straight line measurements from the centre of the postcode
  • Great Yarmouth Station3.8 miles
  • Somerleyton Station4.5 miles
  • Berney Arms Station4.7 miles
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About the agent

Auction House, Covering East Anglia

The Barn Newmarket Road Cringleford Norwich NR4 6UE

Why Use Auction House East Anglia?


    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.

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    Disclaimer - Property reference ah_eastanglia_1444708_37148. 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 950107.

    *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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