Block of flats for sale in St. Olaves Precinct, Bury St. Edmunds IP32

5 residential apartments let on AST’s producing an income of £31,751 per annum

Offers in the region of £480,000

The property is located on St Olaves Precinct, in Bury St Edmunds. Bury St Edmunds has a population of just under 42,000 people, and is located in West Suffolk.

Locally, the area is served by the retail on St Olaves Pricinct, which has a good mixture of convenience stores, bakeries, fast food and pharmacy operators.

Description
The flats are accessed via the service yard at the rear of the property, with a shared communal first floor platform leading to all flats. One of the flats is currently vacant and the rest are let on AST’s.

Price
Offers in the region of £480,000 (Four hundred and eighty thousand pounds) for the 999 long leasehold interest. This represents a low capital value of £228.35 psf.

The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.

VAT The premises are not elected for VAT.
EPC Rating tbc.
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.