For Sale By Online Auction Starting Price £40,000 Terms & Conditions Apply. Semi-detached apartment requiring modernisation but with investment opportunity with the potential to earn £450pcm (approx 10% yield). The lease has 66 years remaining on with £455 pa service charge & £100PA ground rent.
Description For Sale By Online Auction Starting Price £40,000 Terms and Conditions Apply.
The Norfolk Agents present this semi-detached apartment comprising open plan living area / bedroom, kitchen and shower room. The property has its own private access for residents only off of Railway Road, conveniently located with a short walk to the train station with links to both Cambridge & London, and easy access to Kings Lynn town centre which has an array of amenities.
It should be noted that the property requires modernisation but would then be a fantastic investment opportunity with the potential to earn £450pcm (approximately 10% yield). We would like to make potential buyers aware that there the service charge is £455 per annum, and the ground rent is £100 per annum. There is 66 years remaining on the lease.
Viewings are strictly by appointment only.
Living area / bedroom 11' 10" x 9' 3" (3.63m x 2.84m) Window to the front, and door opening to the shared courtyard.
Kitchen 7' 3" x 6' 7" (2.23m x 2.03m) Base & wall units with sink & drainer, window to the front.
Shower room 7' 3" x 4' 11" (2.23m x 1.50m) Hand basin, electric shower, WC and loft access.