Property Details: - Type: Flat - Bedrooms: 5 - Bathrooms: 1
Agent: Melanie Estates - Great Yarmouth Phone: 01493 288321
Joint Sale for a 2 and 3 bed flat– Barkis Road, Great Yarmouth <br/> Asking Price: £220,000 <br/> <br/>Melanie Estates is pleased to present an excellent opportunity to purchase the freehold together with two fully tenanted residential flats situated on the popular Barkis Road in Great Yarmouth. Offering immediate rental income and excellent long-term investment potential, this property is an ideal addition to any buy-to-let portfolio. <br/> <br/>The building also includes a ground floor convenience store, which is held on a 999-year lease. The sale includes the freehold interest and ownership of the two residential flats above. <br/> <br/>The Residential Accommodation Comprises: <br/>2-bedroom flat – currently let at £800 PCM <br/>3-bedroom flat – currently let at £850 PCM, increasing to £900 PCM from next year <br/> <br/>Current rental income: £1,650 PCM (£19,800 per annum) <br/>Projected rental income: £1,700 PCM (£20,400 per annum) <br/> <br/>Located close to local amenities, schools, public transport links, Great Yarmouth town centre, and the seafront, both flats are well maintained and occupied by established tenants, providing an immediate and reliable income stream from completion. <br/> <br/> Key Features <br/>- Freehold included in the sale <br/>- Two fully tenanted residential flats <br/>- Seller owns the freehold and both residential flats <br/>- Ground floor convenience store held on a 999-year lease <br/>- Immediate rental income with future growth <br/>- Popular location close to shops, schools, transport links, the town centre and seafront <br/>- Established tenants in situ <br/>- Excellent investment opportunity <br/> <br/>This is a rare opportunity to acquire the freehold and two income-producing residential flats, offering immediate rental income, future rental growth, and long-term investment potential. <br/> <br/> Early viewing is highly recommended!
