4 bedroom property for sale
Key information
Property description & features
- Tenure: Freehold
- TOTAL INCOME CURRENTLY ACHIEVING £52,740 P/A
- 12.4% YIELD
- FOUR APARTMENTS
- TWO GROUND FLOOR COMMERCIAL UNITS
- INCREDIBLE INVESTMENT PURCHASE
- POPULAR HIGH STREET LOCATION
- EACH APARTMENT HAS AN OPEN-PLAN KITCHEN/LIVING AREA
- EACH APARTMENT HAS ONE BEDROOM & A BATHROOM
- IN CLOSE PROXIMITY TO ALL LOCAL AMENITIES AND NATURAL SURROUNDINGS
Introducing an exceptional opportunity for investors and discerning individuals alike, this striking property boasts a total of four apartments along with two ground floor commercial units, all configured under one roof in the heart of a bustling high street location. Don’t miss the chance to acquire this incredible opportunity.
LOCATION
King Street, located in the vibrant coastal town of Great Yarmouth, offers a convenient and well-connected setting for residents. Situated in the heart of this bustling seaside town, King Street provides easy access to an array of amenities, including local shops, restaurants, schools, and recreational facilities. Great Yarmouth is celebrated for its picturesque coastline, offering pristine sandy beaches and stunning seafront promenades, perfect for leisurely strolls and enjoying the sea breeze. The town is rich in history and culture, with numerous historical landmarks and attractions, including the iconic Britannia Pier and the Sea Life Centre. This location benefits from excellent transportation links, ensuring swift commutes to nearby towns and cities, making King Street an ideal spot for those looking to embrace coastal living with urban convenience.
KING STREET
Commanding a notable presence in a highly sought-after area, this multi-unit property stands as a testament to versatile functionality. The ground floor consists of two commercial rooms, with a current long-lasting tenant. Its upper levels consists of four thoughtfully appointed apartments, each consisting of an open plan kitchen/living area, a bedroom and bathroom.
Beyond its exceptional interiors, this property enjoys a strategic location that places it in close proximity to a wide array of local amenities and natural surroundings. Residents will find themselves within easy reach of shopping centres, dining establishments, recreational facilities, and natural surroundings, catering to every lifestyle need and preference.
In summary, this remarkable property presents a rare opportunity for investors seeking to expand their portfolio or individuals looking to secure a prime residence in a vibrant locale. With its multiple units, commercial potential, and enviable location, this property stands as an incredible investment purchase that promises both immediate returns and enduring value.
AGENTS NOTES
We understand that this property is freehold.
Heating system - Gas boiler.
Council Tax Band: B
Residential income currently achieving £32,740 p/a.
Commercial income currently achieving £20,000 p/a, rising to £25,000 p/a over five years.
Total income currently achieving £52,740 p/a.
EPC Rating: D
Disclaimer
Minors and Brady, along with their representatives, are not authorized to provide assurances about the property, whether on their own behalf or on behalf of their client. We do not take responsibility for any statements made in these particulars, which do not constitute part of any offer or contract. It is recommended to verify leasehold charges provided by the seller through legal representation. All mentioned areas, measurements, and distances are approximate, and the information provided, including text, photographs, and plans, serves as guidance and may not cover all aspects comprehensively. It should not be assumed that the property has all necessary planning, building regulations, or other consents. Services, equipment, and facilities have not been tested by Minors and Brady, and prospective purchasers are advised to verify the information to their satisfaction through inspection or other means.
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*DISCLAIMER
Property reference ce1da67a-54a4-4107-8ad5-5a95333f2baf. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Minors & Brady - Estate Agents - Caister.
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Broadband availability and predicted speed: obtained from Ofcom on June 20, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
The data is updated three times a year. The checker results are predictions and should not be regarded as guaranteed. For more information, see: https://checker.ofcom.org.uk/en-gb/about-checker#Answer_0_2
Mobile phone signal availability and predicted strength
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area
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