Studio flat for sale

Yarmouth Road, Norwich

Sold STC £1,999,900

Property Description

Key features

  • Investment Opportunity
  • 11 One Bedroom Flats on Yarmouth Road
  • 3 Two Bedroom Flats on Yarmouth Road
  • 1 Two Bedroom Flat on West Street in Cromer
  • 1 Leased Shop on West Street in Cromer

Full description

Tenure: Freehold

Asset 1 . The apartments benefit from access to the communal washing machine and tumble dryer and free car parking for 1 car. They are also 100 meters to the nearest bus stop, 400 meters from Harleys Caf� on Yarmouth road and 0.9 miles to Norwich Train Station.

The block comprises of the following flats and additions.
Please note the flats all benefit from a 17.2KW PV system. Flats 8/12/13/14 are featured in the photographs.

Flat 1 - 1 Bedroom Apartment Currently Rented for £505pcm (6,060pa)
Flat 2 - 1 Bedroom Apartment Currently Rented for £520pcm (6,240pa)
Flat 3 - 1 Bedroom Apartment Currently Rented for £570pcm (6,840pa)
Flat 4 - 1 Bedroom Apartment Currently Rented for £555pcm (6,660pa)
Flat 5 - 1 Bedroom Apartment Currently Rented for £560pcm (6,720pa)
Flat 6 - 1 Bedroom Apartment Currently Rented for £700pcm (8,400pa)
Flat 7 - 2 Bedroom Apartment Currently Rented for £700pcm (8,400pa)
Flat 8 - 2 Bedroom Apartment Currently Rented for £630pcm (7,560pa)
Flat 9 - 1 Bedroom Apartment Currently Rented for £600pcm (,200pa)
Flat 10 - 1 Bedroom Apartment Currently Rented for £580pcm (6,960pa)
Flat 11 - 1 Bedroom Apartment Currently Rented for £650pcm (,800pa)
Flat 12 - 1 Bedroom Apartment Currently Rented for £650pcm (7,800pa)
Flat 13 - 2 Bedroom Apartment Currently Rented for £700pcm (ï8,400pa)
Flat 14 - 1 Bedroom Apartment Currently Rented for £600pcm (7,200pa)
PV System - Provides income of £500pcm (6,000pa)
Garage - Currently Rented for £100pcm (1,200pa)
Brick Shed - Currently Rented for £50pcm (600pa)
Laundry Room - Agreed Commission of £40pcm (480pa)

Total Income for the whole Block currently £9,210pcm (110,520pa)

There is a huge potential to increase the rental income of the apartments with minimal improvement.
There is also a scope to add additional 1 or 2 additional Flats to the complex (Subject to Planning Permission) 

Asset 2 Asset 2 comprises of a shop and flat on West Street in Cromer, NR27

Shop Currently Rented for £1,000pcm (12,000pa)
On a Six Year Lease to the current occupants with Five years remaining.
2 Bedroom Flat above Shop Currently Rented for £620pcm (7,440pa)
The Flat was completely renovated in 2010 to a high standard. The flat is situated on West Street which is a very quiet road in the centre of Cromer. The property is within a 5 minute walk to the seaside.


Total Income for the West Street properties is £1,620pcm (19,440pa) 

Disclaimer Under the Consumer Protection Act 1987 we endeavour to make our sales details accurate and reliable but they should not be relied upon as statements or representations of fact and they do not constitute any part of an offer of contract. The seller does not make any representations to give any warranty in relation to the property and we have no authority to do so on behalf of the seller. Services, fittings and equipment referred to in the sales details have not been tested (unless otherwise stated) and no warranty can be given as to their condition. We strongly recommend that all the information which we provide about the property is verified by yourself or your advisers. Under the Estate Agency Act 1991 you will be required to give us financial information in order to verify you financial position before we can recommend any offer to the vendor. 

Melanie Estates proudly present this investment opportunity on Yarmouth Road held under a limited company. Providing a 6.5% Return on Investment. With great potential to increase the rental income with minimal investment.

All the assets are owned in a Limited Company and the prospective buyer will be acquiring all the shares in the company at a very tax efficient way.

To arrange a site visit or to request additional information please contact the sole selling agent Melanie Estates on 01603 444251 


Listing History

Added on Rightmove:
24 April 2018

Nearest stations

  • Norwich (0.9 mi)
  • Brundall Gardens (3.8 mi)
  • Salhouse (4.2 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:

Melanie Estates, Norwich

11 Bank Plain Norwich NR2 4SF

01603 444251 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

  • Norwich (0.9 mi)
  • Brundall Gardens (3.8 mi)
  • Salhouse (4.2 mi)
Distances are straight line measurements from centre of postcode

To view this property or request more details, contact:

Melanie Estates, Norwich

11 Bank Plain Norwich NR2 4SF

01603 444251 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.

Disclaimer - Property reference 103107001161. 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 Melanie Estates, Norwich. 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.

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