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1 bedroom terraced house for sale
King Street, Great Yarmouth NR30
£350,000
King Street, Great Yarmouth NR30
£350,000
Our Summary
- *INVESTMENT OPPORTUNITY*Ground floor retail unit and three self contained flats with a total income o£37,580 PA
Description
This investment opportunity comprises a ground floor retail unit and three self-contained flats, generating a total annual income of £37,580. The retail unit, currently rented to Age UK, offers a return of over 10% with a rental income of £15,500 per annum. The three flats, located on the first and second floors, are tenanted on assured shorthold tenancies, yielding over 10% with a total rental income of £22,080 per annum. The flats, which were updated in 2024, offer two one-bedroom and one two-bedroom units, with communal areas also updated. The property benefits from a prominent location in the town centre, with mains services including electric, water, and sewerage. The flats have mains gas, electric, water, and sewerage, and the EPCs are awaiting. The property is being sold with the benefit of existing tenancies, providing a stable income stream for the new owner.