Terraced House
Turn-Key Buy-to Let Investment Opportunity. A substantial Victorian freehold residential dwelling (held under one registered title) over three floors, segmented into three self-contained flats. All flats are tenanted delivering a combined annual net rent revenue income of £22,572. Please note that Flat A rent review is due October 2024.
All tenancies are Assured Shorthold (A and C Periodic | B AST - Periodic from 11/04/2025).
All rents paid up - No Arrears
FLAT A – one bedroom flat (no outside space)
Hall with stairs to upper level. Bathroom: 4.47m x 2.05m. Kitchenette:3.3m (max) x 1.07m + utility cupboard (unmeasured) with two walk in storage cupboards. Sitting Room: 5.2m x 3.7m. Bedroom: 4.8m x 3.24m with walk in storage cupboard. Window to rear aspect (with fire escape ladder).
FLAT B – Two-bedroom flat (no outside space)
A two bedroomed flat located on the first floor. Hall. Bedroom 1: 4.57m 3.04m. Window to rear aspect. Wash basin. Two built in wardrobes. Bedroom 2: 2.79m x 2.54m. Window to front aspect. Sitting Room: 4.31m x 4.02m. Kitchen: 3.53m x 2.63m. Rear lobby. Bathroom: 2.54m x 2.02m.
FLAT C
Hall. L-Shaped. Walk-in storage cupboard. Sitting Room: 4.49m x 4.31m with bay window to front. Bedroom: 4.61m x 3.05m with two built-in wardrobes. Dining Room: 3.6m x 3.12m. Kitchen: 6.45m x 1.92m. Bathroom: 3.18m x 1.95m. Cloakroom: 1.95m 0.93m. Conservatory: 3.7m x 2.16m. Garden space with covered sitting area and double gates provide car parking space for one (accessed via rear serve road).
Landlords Room:
This room houses the common gas heating control for the three flats. It also provides an area for storage materials such as paint / spare carpet etc.
A common service for the flats is a very large bike store (x2 bikes per flat) accessed by the rear service road.
Location:
Handy town location. The property is situated within the towns Conservation area and therefore close to Beccles centre (including supermarkets), pubs, restaurants and railway station are on its doorstep.
Viewing:
On-Site Viewing Strictly by appointment. Call 07771 567205 or 0800 0465454.
Directions:
For SatNav use NR34 9QH. If using What3Words Navigation search: trembles.pigment.preheated
Parking:
Station Road is zones for Residents Permit Parking. One space per household at a current cost of £30 per annum.
Building Construction:
Brick under tiled roof construction. Estimated to have been contracted in the Victorian era.
Possession:
All three flats are tenanted under Assured Shorthold Tenancies.
Local Authority:
East Suffolk Council
Council Tax:
Flat A - A (Period 24/25 £1,412)
Flat B - A (Period 24/25 £1,412)
Flat C - A (Period 24/25 £1,412)
Services:
Mains water (Essex and Suffolk Water). Sewerage (Anglian Water). Mains electric. Mains drainage. Mains gas.
Heating:
Gas fired central heating. Common boiler serves all three flats. Gas consumption is divided between tenants (current total of gas cost is £1,068 per annum).
Declarations:
The property is located within Beccles town conservation zone.
Planning:
The property was converted from a single dwelling by the sellers parents around 40 years ago, having originally been the family home.
Flood Risk:
Surface Water - High.
Broadband:
Standard 18 mbps and Superfast 80 mbps are available in this location.
Mobile Signal:
EE, O2, Vodaphone and Three are available in this location.
Satellite and Cable TV Availability:
Sky and BT are available in this location.
Freehold. Subject to tenancy.
- Heating Supply: Gas Central
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
