High Street, Newmarket
- PROPERTY TYPE
Flat
- BEDROOMS
4
- SIZE
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Key features
- Rental Investment Opportunity
- Three Apartments
- Located Close To Town Centre
- NO CHAIN
Description
An exciting opportunity to purchase a rental investment with a superb YIELD IN THE REGION OF 12%. Set within the heart of the town. Comprising three self contained apartments.
Arranged over the ground and lower ground floors, two 1 bedroom apartments and a 2 bedroom duplex.
Offered with vacant possession and NO ONWARD CHAIN.
Flat 1 - 4.76 x 3.75 (15'7" x 12'3" ) - Laid wooden style flooring, radiator and window to the side aspect.
Kitchen - Fitted with both eye and base level storage units and working tops over, inset stainless steel sink and drainer with mixer tap, integrated fridge/freezer, oven, electric hob and extractor hood and dishwasher. Window to the side aspect.
Bedroom 1 - 4.17 x 3.90 (13'8" x 12'9") - With radiator and window to the front aspect.
Bedroom 2 - 4.17 x 3.87 (13'8" x 12'8") - With radiator, window to the front aspect and storage cupboard.
Shower Room - With enclosed shower cubicle.
Cloakroom - Low level WC and wash basin with vanity under.
Flat 1A - 4.90 x 4.03 (16'0" x 13'2" ) - Laid wooden style flooring, radiator and bay fronted window to the front aspect.
Kitchen - Fitted with both eye and base level storage cupboards and working tops over, stainless steel inset sink and drainer with mixer tap, tiled splashback areas, integrated oven and electric hob with extractor fan, space and plumbing for fridge and washing machine.
Bedroom - 3.68 x 2.21 (12'0" x 7'3") - With radiator.
Bathroom - Three piece suit comprising of low level WC, wash basin with vanity under, enclosed shower cubicle and part tiled walls.
Flat 1B - 5.35 max x 4.00 (17'6" max x 13'1") - Fitted with both eye and base level storage units with working tops over, inset stainless steel sink and drainer with mixer tap, tiled splashback areas, integrated oven and electric hob with extractor hood, space and plumbing for fridge. Radiator and bay fronted window to the front aspect.
Bedroom - 2.69 x 2.26 (8'9" x 7'4") - With radiator and window to the rear aspect.
Bathroom - ( ) - Three piece suite comprising of low level WC, pedestal wash basin, enclosed shower cubicle and part tiled walls.
Agency Notes - Each apartment has 118 years.
Remaining on the respective leases.
Combined annual ground rent and maintenance of £700 per property.
Approx rental yield of 12%.
Brochures
High Street, NewmarketTenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
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ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
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LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
118 years left
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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High Street, Newmarket
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Newmarket Station0.4 miles
- Dullingham Station3.1 miles
- Kennett Station4.5 miles
About the agent
Morris Armitage, Newmarket
Godolphin House 2 The Avenue Newmarket Suffolk CB8 9AA
Morris Armitage are an independent firm of estate agents established in the Summer of 2002. Boasting a wealth of experience and knowledge in marketing a wide variety of properties throughout Suffolk, Norfolk and Cambridgeshire, we provide a professional yet highly personal service and believe good communication with everyone is absolutely key and is why we now have such an excellent reputation for success.
We use the very latest software to support day to day administration activity. Ho
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