Block of flats for sale in 39 & 39A Aylsham Road, Norwich, Norfolk NR3

For sale by auction on Wednesday, 12 Jun 2024 at 10:00

Venue: Livestream Auction

High yielding residential investment comprising a house and two flats let producing around £37,380 pa

This lot comprises a four bedroom end terrace house and two self contaied flats. Currently all are let on assured shorthold tenancies and produce around £3,115 pcm (£37,380 pa) in total. No 39 is a 121 sq/m end terrace house with four letting rooms. 39a is a 18 sq/m ground floor studio flat accessed off Eade Road. The studio is a 24 sq/m former double garage converted many years ago into a one bedroom ground floor flat at the back of the property, also accessed from Eade Road.

With a yield of over 10% at the guide after bills, this offers an opportunity for an investor looking for a high yielding income with a rental stream from a number of separate units.

Accommodation - 39
Ground Floor: Entrance hall, kitchen, front room with en-suite shower and wc

First Floor: Landing, front room with en-suite shower and wc and separate kitchen upstairs, middle room with en-suite shower and wc, back room with entrance hall and separate bathroom

Accommodation - 39a
Ground floor studio flat with lounge / kitchen / bedroom, shower room and wc

The Studio: Entrance hall, shower room with wc, kitchen, bedroom, sitting room

Rent Schedule - 39
Ground Floor: AST dated 27th September 2022, £460 pcm (£5,520 pa) including bills

First Floor/Front Room: AST dated 22nd October 2022, £400 pcm (£4,800 pa) including bills

First Floor/Middle Room: AST dated 1st October 2022, £405 (£4,860 pa) including bills.

First Floor/Back Room: AST dated June 2020, £350 pcm (£4,200 pa) including bills

Rent Schedule - 39a
Ground Floor Studio Flat: AST dated 23rd September 2012, £600 pcm (£7,200 pa) includes utilities but not council tax

The Studio: 6 month AST dated 15th May 2024 £900 pcm (£10,800 pa) including utilities but excluding council tax

Outside
Off road parking for two vehicles to rear, front and side garden and rear yard.

Council Tax Band

A

Viewing
Open viewing has been arranged for Saturday 25th May - Appointment Essential - please call our Norwich Office on to be allocated a time slot.

EPC Rating: D

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 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.