8 bedroom house for sale

Overview

FOR SALE BY LIVESTREAM AUCTION ON WEDNESDAY 1ST MAY AT 11:00AM TO REGISTER FOR LEGAL PACKS AND BIDDING INSTRUCTIONS PLEASE VISIT OUR WEBSITE Substantial investment HMO property producing £33,120pa situated in the centre offering eight bedsits which are in need of some improvementSubstantial Victorian terraced property which has been an HMO since 1963. It's was on the original HMO register set up by Great Yarmouth in 1980 and has been fully licensed for 15 years plus with current scheme. Full lawful planning consent use has never been applied for as it's not been required as Gt Yarmouth Borough Council recognised it as a HMO. The current owner has had a mortgage on the property since ownership. Comprising of eight bedsits with established tenants, the property is currently fully let and is producing an income of £33,120 pa. Please note the owner has served notice of rent increases to the tenants to commence of 1st July 2024 which will increase the income to £40,800pa. There are three bedsits on the ground floor, three on the first floor and two on the second floor. All tenants are on AST agreements which will form part of the legal pack and all would like to remain in situ. The property is In need of some maintenance internally which would enhance the property, tenants and potential yields. Ideal investment property. Ground Floor Communal Hall, Flats 1, 2 and 3 communal toiletFirst Floor Landing, Flats 4, 5 and 6 with communal toiletSecond Floor Landing, Flats 7 and 8Council Tax Band AEPC Ratings Flats 1,2,3,4 & 6 = E Flat 5 = F Flats 7 & 8 = GViewings Viewings are being held strictly by appointment only and the next opportunities to view are on Wednesday 24 and Monday 29 April. Please contact the Norwich office to book your appointment.Tenure: FreeholdEPC Rating: E, F, GAdministration 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: £960 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. For more details and to contact: https://realtyww.info/houses_great-yarmouth-d196685/for-sale_i71085823

---

Disclaimer

The information about this listing comprises a listing advertisement. Listanza makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information. Further, Listanza has no control over the content. The information is provided and maintained by the owner/agent. Please contact the owner/agent directly to obtain any additional information.