One bedroom first floor flat currently let and producing £350 pcm (£4,200pa). The tenant has been in residence since before 2007 and at the time of inspection expressed her wish to stay. The property is in good decorative order throughout, although could do with some minor improvement.
NOTE: The water supply is via the convenience store and this has not been separated.
Tenure: Leasehold - remainder of 999 year lease which commenced in 2006.
Ground rent: Peppercorn rent of just £1 per annum.
Service Charge: Annual charge of 5% of expenditure, although this has never been collected during the time of our seller's ownership, but he knows of no outstanding debt.
The property is conveniently located close to the town centre and just a short walk away from the seafront. Great Yarmouth is a popular coastal holiday resort with many local attractions, amenities and facilities.
Head away from the town centre along King Street and turn left opposite the Old White Lion into St Peter’s Road. Continue past the church and the door to the entrance to the flat will be found on the left hand side, immediately after the convenience store.