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5 bed property, in Wellington Esplanade, £450,000
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5 bed flat

Wellington Esplanade, Lowestoft NR33
£450,000

Our Summary

  • **Fantastic Investment Opportunity**
  • *Fantastic Investment Opportunity*
  • SUMMARY William H Brown Lowestoft are thrilled to present this exciting investment opportunity to own the Freehold of these Five flats on Wellington Esplanade, already sold with tenants in situ

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Description

The property is a freehold investment opportunity located on Wellington Esplanade in Lowestoft, consisting of five one-bedroom flats, three of which are apartments and two of which are studio apartments. The property has a communal area with front and rear gardens and communal parking to the rear. Each flat has a unique layout, with features such as double-glazed windows, built-in storage units, and electric radiators. The flats are configured as follows:

* Flat 1: £2663 monthly rental income, EPC rating D * Flat 2: £2663 monthly rental income, EPC rating C * Flat 3: Close to £2600 monthly rental income, EPC rating C * Flat 4: £2600 monthly rental income, EPC rating C * Flat 5: Close to £2600 monthly rental income, EPC rating E

The property has a monthly rental income of approximately £2663, translating to an annual income of around £31,956.