House For Sale £380,000
For sale by auction on Wednesday, 28 Jul 2021 at 11:00
Venue: Livestream Auction
An investment opportunity to acquire a freehold of five flats situated on the east coast in the seaside resort of Lowestoft.
This freehold property has been converted into five flats comprising of two one bedroom flats and three two bedroom flats. The flats are divided over five floors. The one bedroom basement flat is currently in the process of being refurbished and is vacant. The ground floor flat is a one bedroom rented on an AST achieving £400pcm. The first floor offers a two bedroom flat on an AST achieving £525pcm. The second floor offers a two bedroom flat on an AST achieving £525pcm. The attic offers a two bedroom flat on an AST achieving £500pcm. This is a great opportunity for an investor or with the necessary planning the flats could be divided. Fully occupied the potential income is £28,200pa.
Basement - Flat 1
Private entrance, lounge, kitchen, hallway, bedroom, bathroom, private garden
Ground Floor - Flat 2
Shared entrance and hallway, lounge, bathroom, bedroom, kitchen, private garden
First Floor - Flat 3
Landing, lounge / kitchen, bathroom, two bedrooms.
Second Floor - Flat 4
Landing, lounge / kitchen, bathroom, two bedrooms.
Third Floor - Flat 5
Accessed from second floor.Private lobby, stairs to landing, lounge / kitchen bathroom, two bedrooms.
Outside
Basement and ground floor flats have their own private gardens. There is a communal garden for the flats on the first, second, and third floors.
EPC Rating: D, E
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.
Venue: Livestream Auction
An investment opportunity to acquire a freehold of five flats situated on the east coast in the seaside resort of Lowestoft.
This freehold property has been converted into five flats comprising of two one bedroom flats and three two bedroom flats. The flats are divided over five floors. The one bedroom basement flat is currently in the process of being refurbished and is vacant. The ground floor flat is a one bedroom rented on an AST achieving £400pcm. The first floor offers a two bedroom flat on an AST achieving £525pcm. The second floor offers a two bedroom flat on an AST achieving £525pcm. The attic offers a two bedroom flat on an AST achieving £500pcm. This is a great opportunity for an investor or with the necessary planning the flats could be divided. Fully occupied the potential income is £28,200pa.
Basement - Flat 1
Private entrance, lounge, kitchen, hallway, bedroom, bathroom, private garden
Ground Floor - Flat 2
Shared entrance and hallway, lounge, bathroom, bedroom, kitchen, private garden
First Floor - Flat 3
Landing, lounge / kitchen, bathroom, two bedrooms.
Second Floor - Flat 4
Landing, lounge / kitchen, bathroom, two bedrooms.
Third Floor - Flat 5
Accessed from second floor.Private lobby, stairs to landing, lounge / kitchen bathroom, two bedrooms.
Outside
Basement and ground floor flats have their own private gardens. There is a communal garden for the flats on the first, second, and third floors.
EPC Rating: D, E
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.
