Surrey Street, Lowestoft, NR32

Presenting a PRIME INVESTMENT OPPORTUNITY in the heart of Lowestoft, this property features three separate flats, two with tenants in situ. This freehold opportunity presents a ** GOOD YIELD POTENTIAL ** and offers a convenient investment option. It's proximity to local amenities ensures tenant satisfaction, perfectly situated within walking distance to the town centre, this property promises both convenience and profitability for the savvy investor!

Location

This property is situated in the Heart of an English Coastal Town nestled in the most easterly point of the British Isles. With award-winning sandy beaches and breath-taking Victorian seafront gardens. Explore the Royal Plain Fountains, two piers, and a variety of independent eateries that will tantalise your taste buds. Education is a top priority here, with excellent schools for all ages. Commuting is a breeze with a bus station and train station that offer regular services to Norwich and surrounding areas. Located just 110 miles north-east of London, 38 miles north-east of Ipswich, and 22 miles south-east of Norwich.

Summary

Presenting a prime investment opportunity in the heart of Lowestoft, this property features three separate flats, each with tenants in situ. This freehold opportunity and presents good yield potential and it offers a convenient investment option. Off-road parking at the rear enhances the properties appeal, while its proximity to local amenities ensures tenant satisfaction. Perfectly situated within walking distance to the town centre , this property promises both convenience and profitability for the savvy investor.

Flat 1

Currently let ?675pcmENTRANCE HALLVinyl flooring, electric heater, doors opening to sittingroom, bedroom, kitchen/diner, x2 under stairs storagecupboards and courtyard.SITTING ROOM5.2 x 3.3UPVC double glazed window to front aspect, carpetflooring, electric heater.BEDROOM3.9 x 3.7UPVC double glazed window to rear aspect, carpetflooring, electric heater.KITCHEN/DINER4.1 x 3.3UPVC double glazed window to side aspect, vinylflooring, electric heater, newly fitted kitchen withunits above and below, laminate work surfaces,stainless steel sink with drainer, extractor fan,integrated oven, 4 ring ceramic hob and space forappliances including a fridge freezer. Door opening toutility room.UTILITY ROOM2.3 x 1.4UPVC double glazed window to rear aspect, vinylflooring, doors opening to airing cupboard andbathroom, space for washing machine.BATHROOM2.3 x 1.5UPVC double glazed window to side aspect, vinylflooring, heated towel rail, toilet, pedestal washbasin, bath with handheld shower attachment.AGENT NOTEThis apartment is situated on the ground floor of themain building. Entry is via the communal entrance halllocated to the front aspect.EPC RATING: Current 48EPotential 48E

Flat 2

Currently let ?550pcmENTRANCE HALLCarpet flooring, electric heater, doors opening toshower room, bedroom and rear hall leading to mainliving area.SHOWER ROOM2.2 x 1.4UPVC double glazed window to side aspect, vinylflooring, heated towel rail, toilet, pedestal washbasin, glass enclosed electric shower.BEDROOM3.1 x 2.3x2 UPVC double glazed windows to side aspect,carpet flooring, electric heater.LIVING AREA3.3 x 3.2UPVC double glazed window to rear aspect, vinylflooring, electric heater, newly fitted kitchen withunits above and below, laminate work surfaces,stainless steel sink with drainer, extractor fan,integrated oven, 4 ring ceramic hob and space forappliances including a fridge and washing machine.AGENT NOTEThis apartment is situated on the 1st floor of the mainbuilding. Entry is via the communal entrance halllocated to the front aspect and up the first flight ofstairs.EPC RATING Current 69CPotential 69C

Flat 3

Currently let ?695pcmENTRANCE HALLCarpet flooring, doors opening to stairs leading tosecond floor landing, under stairs storage cupboardand main living area.BEDROOM 14.2 x 2.3UPVC double glazed dormer window to front aspect,carpet flooring.KITCHEN3.9 x 1.6UPVC double glazed window to rear aspect, vinylflooring, electric heater, newly fitted kitchen withunits above and below, part tile walls, laminate worksurfaces, stainless steel sink with drainer, extractorfan, integrated oven, 4 ring ceramic hob and space forappliances including a fridge and washing machine.Opening to lounge/diner and door opening to showerroom.SHOWER ROOM2.6 x 1.8Vinyl flooring, heated towel rail, toilet, pedestal washbasin, glass enclosed electric shower.LOUNGE/DINER5.2 x 3.3UPVC double glazed window to front aspect, carpetflooring, electric heater, door opening to bedroom 2.BEDROOM 25.3 x 5.7UPVC double glazed window to front aspect, carpetflooring, electric heater.AGENT NOTEThis apartment is situated on the 2nd floor of themain building. Entry is via the communal entrance halllocated to the front aspect and up the first flight ofstairs.EPC RATING Current 58DPotential 58D

Agent note

Each of these flats are currently tenanted, please be aware that the property details could be subject to change.Total rent per year ?23,040 (9.21% yield)

Financial services

If you would like to know if you can afford this property and how much the monthly repayments would be, Paul Hubbard Estate Agents can offer you recommendations on financial/mortgage advisors, who will search for the best current deals for first time buyers, buy to let investors, upsizers and relocators. Call or email in today to arrange your free, no obligation quote.