67, 69, 71, 73, 75, 77 Lime Tree Avenue, Wymondham, Norfolk NR18 0EJ
- PROPERTY TYPE
Block of Apartments
- SIZE
Ask agent
Key features
- High yielding residential investment comprising six studio flats
- Fully let producing £36,960 pa
- Guide price: £360,000
- For sale by livestream auction
- Unless previously sold or withdrawn prior
- 10:00am, Wednesday 12th June 2024
Description
FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 12th JUNE AT 11:00AM
TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE
High yielding residential investment comprising six studio flats let producing £36,960 pa
A single detached block of six studio flats. Currently all are let on Assured Shorthold Tenancies and produce £3,080 pcm (£36,960 pa). It is located next to the recreation ground in a good letting area of the town, close to a range of services and amenities.
The block has been well maintained by the current owners. All the flats are double glazed and enjoy bright and airy communal areas.
The ground rent is £60 per flat pa. With a yield of over 10% at the guide this offers a unique opportunity for an investor looking for a high yielding secure long term income.
Rent Schedule 67: £550 pcm, £6,600 pa
69: £455 pcm, £5,460 pa
71: £550 pcm, £6,600 pa
73: £450 pcm, £5,400 pa
75: £525 pcm, £6,300 pa
77: £550 pcm, £6,600 pa
Total rent: £36,960 pa
All are now periodic tenancies. except for 77 which will be periodic from 22nd May 2024.
Description Each apartment has similar room dimensions and comprises:
Accommodation: reception room / bedroom, kitchen, dressing room, shower room
Outside Communal gardens to three sides which arer laid to lawn and off road parking for each apartment
Tenure: Leasehold
Lease Details: 120 year from 23rd November 1983
EPC Rating: D & E
Administration Fee: 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.
Buyer's Premium Fee: £900 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.
- 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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- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Yes
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
67, 69, 71, 73, 75, 77 Lime Tree Avenue, Wymondham, Norfolk NR18 0EJ
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Wymondham Station0.9 miles
- Spooner Row Station3.4 miles
- Attleborough Station6.2 miles
About the agent
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 202307051434sq_um2s. 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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