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Investment

Guide price

£150,000

Studio for sale 11 & 11A Carlton Road, Lowestoft, Suffolk NR33

Property location

  • Red Oak Primary School0.2 miles
  • St Mary's Roman Catholic Primary School0.2 miles
  • Lowestoft0.8 miles
  • Oulton Broad North1.4 miles

Features and description

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

Venue: Livestream Auction

An investment opportunity for two tenanted leasehold flats

These generous two bedroom flats are currently rented on AST. One of the flats is rented direct with the landlord and the other is managed by a letting agent. The combined income is £11,640pa. The first floor flat was accessed prior to lockdown, which is photographed. Unfortunately the tenants are shielding and therefore access cannot be gained. The flats are situated south of the river and a stroll from the seafront. The flats have individual entrances and share a rear and side garden to the dwelling.

Nb: Due to covid 19 no access has been permitted for viewings

Lowestoft is a seaside resort on the east coast and provides a good range of amenities.

Ground floor flat
Kitchen, inner hall, sitting room, two bedrooms, bathroom.

First floor flat
Hall, stairs to first floor, sitting room, two bedrooms, kitchen and bathroom.

Exterior
Gates open onto the side of the property which is used for entrance to flat 11 (ground floor) and provides a garden area. To the rear of the property there is an enclosed rear garden which provides access to flat 11a (first floor). This garden is communal, laid to lawn and provides washing lines for both flats.

EPC Rating: E

Additional Fees
Buyers Premium: £800 inc VAT payable on exchange of contracts.

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.

1 floor plan available

View the floor plan to understand the space and layout of this property.

More information

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Auction House East AngliaView agent properties

The Barn, Newmarket Road, Cringleford, Norwich, NR4 6UE
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