* Leasehold
* Furnished studio flat
* Close to town centre
* Communal parking
* Turnkey investment opportunity
* Cash buyers only
* Approx 9% gross yield
**1 - Bedroom Studio Flat**
Description
The Norfolk Agents are pleased to offer this furnished studio flat in King’s
Lynn town centre near bus & train stations, shopping precinct, supermarkets &
amenities.
**Accomodation**
Comprises hallway, living/bedroom, kitchen, shower room.
Hallway
Living/bedroom - Storage heater. Window to rear.
Kitchen - Base & wall units with worktops over. Integrated oven & hob. Sink &
drainer. Electric water heater.
Bathroom – Shower cubicle with electric shower, wash hand basin & WC. Down -
flow heater.
Tenure: Leasehold
**Lease details**
Term : 120 years from 29/09/1988 (Approx. 84 Years Remaining)
2024 Ground Rent & Service Charge:
Ground rent
£75 per annum.
There are 6 flats in the building so Buildings Insurance & one - off maintenance
costs are divided between the 6 leaseholders:
Buildings Insurance
- > Flat 2's share of the 2023 premium was £246. 28
Maintenance charge
The current owner pays £20 per month to build up an annual £240 reserve credit
to pay for one - off building maintenance works.
Over the past 4 years this has amounted to an average of approx. £303. 22 per
annum.
Council tax band: A
EPC rating: D - The full certificate can be downloaded or provided by The
Norfolk Agents.
1\. Purchasers will be asked to produce id to satisfy money laundering
regulations and we would ask for your co - operation in providing the relevant
documentation.
2\. While we endeavour to make our sales details fair, accurate and reliable,
they are only a general guide to the property. If there is any point which is
of particular importance to you, please contact the office and we will be
pleased to make further investigations.
3\. The measurements indicated are supplied for guidance only.
4\. Please note we have not tested the services or any of the equipment or
appliances in this property. We strongly advise prospective buyers to
commission their own survey or service reports before finalising their offer
to purchase.
5\. These particulars are issued in good faith but do not form part of any
offer or contract. The matters referred to in these particulars should be
independently verified by prospective buyers or tenants. The Norfolk Agents
limited nor any of its employees has any authority to make or give any
representation or warranty whatsoever in relation to this property.

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