Two bedroom first floor flat currently vacant with potential yield of £775 pcm situated in the centre of Dereham.
Description
This two bedroom second floor flat with allocated parking space is situated in the centre of Dereham and would make an ideal turn key investment. Currently vacant, the flat has the potential to yield £9,300 pa.
This spacious flat is light and airy and well maintained. Offered for sale with 57 years remaining on the lease which can be extended, however suitable for cash buyers only because of this.
Some improvements to update the flat and extend the lease would increase the value.
Accommodation comprises spacious communal entrance hall with phone entry system, entrance hall, generous sitting room which leads to the kitchen, two bedrooms and bathroom. It also has an allocated parking space.
NB: The owner is also selling another tenanted two bedroom flat on the upper floor in the same block in this auction and is managed by a local agent producing £775 pcm.
Lease details 99 years from 24 June 1984
Communal entrance Spacious entrance with stairs to all floors, mail boxes and telecom entry
Accommodation Entrance hall, large sitting room that extends L shaped into the kitchen, two bedrooms, kitchen and bathroom.
External Allocated parking space within car park to the side of the building.
Council Tax Band A
Viewings
Viewings are being organised by appointment
Wed 28 October
Fri 6 November
Fri 13 November
Mon 16 November
Please contact the Norwich Office 01603 505100 to book your appointment time
Tenure: Leasehold
Lease Details: 99 years from 24 June 1984
EPC Rating: C
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Administration Charge
Administration Charge is a non-refundable £1,200 inc VAT payable on the fall of the virtual gavel.
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- 2 Bedrooms
- Unconditional (Immediate Exchange)
Call the team on 01603 505 100 for more information
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