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Lot 10
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46 Chester Way, Thetford, Norfolk, IP24 1DZ

Sold for £0
Established high yielding investment... over 15% return at low guide

Property Details

Description

This fully licensed 10 Person HMO is located in Thetford and is currently yielding circa £35,760 pa. Thetford enjoys a full range of facilities and services and is situated just over 12 miles north of Bury St Edmunds. The property is sold as an ongoing business with tenants in situ, making it a great investment opportunity for those seeking an immediate, reliable return. Spanning three floors, the seven-bedroom property meets all council requirements, including a fire alarm system. The accommodation comprises an entrance hall, communal room, kitchen, seven bedrooms, a ground floor WC, shower room, and bathroom. All of the fixtures and fittings are to be included. Outside is parking for two vehicles to the front and an enclosed garden to the rear.

Key Features

  • 10 PERSON HMO
  • FULLY LICENSED
  • THETFORD TOWN
  • £2,980 pcm / £35,760 pa
  • 7 BEDROOMS
  • ALL FIXTURES INCLUDED
  • PARKING & ENC. GARDEN
  • WELL MAINTAINED
  • DETAILED PLAN ONLINE
Tenure

Freehold

EPC

E

Viewing

By appointment with the Auctioneers

Solicitors

Ms Michalina Sadler
Hayward Moon Property Lawyers
Connexions
159 Princes Street
Ipswich
Suffolk
IP1 1QJ

Current Yield.

£2,980 pcm / £35,760 pa
ERV with double occupants £41,000.

Location

46 Chester Way, Thetford, Norfolk, IP24 1DZ

*Guide prices are provided as an indication of a vendor’s minimum expectation and the level at which the reserve is set. Properties may not always sell within this guide and this figure may change at any time prior to the auction. The sale price will be dependent upon bidding in the auction room and on the Vendors’ instructions.

Reserve Price Each property will be sold subject to a reserve price, which will be set within, or below, the guide price range or no more than 10% above a single figure guide. This is a confidential figure set between the Vendor and the Auctioneer and is a figure below which the Auctioneer cannot sell the property.

Additional Fees All buyers are liable to pay an Administration Charge of £1,200 inclusive of VAT. Other fees disbursements may also apply, therefore before making a purchase, please refer to the Legal Pack and Special Conditions.