6 bed Flat For Sale, Flats 1 To 5, 89 London Road, Kings Lynn, Norfolk PE30

Description

For sale by auction on Wednesday, 05 May 2021 at 11:00

Venue: Livestream Auction

Investment opportunity of five individual flats currently producing £17,640pa with further potential as two flats need completion

A great investment opportunity to acquire a freehold property situated in the centre of the historic market town of Kings Lynn.

This impressive building has been carefully adapted offering five flats, three are refurbished to a high standard and are currently let on ASTs producing £17,640pa. There are two further flats, one on the first floor and one on the second floor that need completing. Once completed, a potential income of £30,180pa could be achieved.

Each flat is unique, on the ground floor there is a studio and to the rear a larger one bedroom with courtyard garden. The first floor provides one refurbished one bedroom (no access was gained to this flat) along with a further one bedroom in need of works. Second floor provides the largest flat offering two generous bedrooms, this also needs completing.

Ground Floor
Communal hall with stairs to first floor and doors leading to:
Flat 1: Studio - Generous sitting room/bedroom, kitchen, shower room
Flat 2: One Bedroom - Hall, storage, bedroom, open plan lounge/kitchen

First Floor
Landing with stairs to second floor and doors leading to
Flat 3: One Bedroom - Open plan lounge/kitchen, bedroom, shower room
Flat 4: One Bedroom - Needs modernisation

Second floor
Landing leading to:
Flat 5: Two Bedroom - Needs modernisation

EPC Rating: C&D

Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.

Follow the link for more information:

        
zoopla.co.uk

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6 bed Flat For Sale £200,000 Flats 1 To 5, 89 London Road, Kings Lynn, Norfolk PE30

6 bed Flat For Sale £200,000
Flats 1 To 5, 89 London Road, Kings Lynn, Norfolk PE30