Block of Four Flats in City Centre

Property Summary

A modern freehold building comprising four self-contained flats with parking. Ideal for an owner-occupier requiring an income or as an investment producing a 7% yield.
4 Bedrooms
4 Bathrooms
4 Receptions
£685,000 Asking Price
For Sale
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Property features

Property Features

  • Secondary Accom
  • Purpose Built
  • Resi Investment

Branch

Humberts Norwich
13 Upper King Street
Norwich
NR3 1RB

Property details

Full Details

The property is offered as an ideal residential investment or an opportunity for an owner-occupier to benefit from the income earning opportunity. Two flats are let as periodic tenancies and two are let as Air B'nB's. The property is currently producing a net income of £48,000 pa or 7% yield.

Constructed of brick under a tile roof, the building comprises two-storeys which has been well converted and modernised into four self-contained apartments.

There is an entrance lobby housing the consumer units with a staircase to the first floor. Each apartment has been fitted out with appliances, cooking facilities, fridges, microwave ovens and flat screen TVs. The double bedrooms have twin beds and a futon to accommodate up to three people; each room with its own access codes. The security cameras are able to monitor guests arrivals and departures.

The ground floor flats are 35m² and 42m² and the first-floor flats are 31m² and 32m² respectively.

There is off street parking for four cars.