Residential - For Sale
Market Place, Swaffham
£400,000

DESCRIPTION
An investment opportunity to acquire 4 self-contained apartments within a Grade II Listed building, in a prominent location, overlooking the Market Place. There are three 1 bedroom flats and one 2 bedroom flat, all benefit from gas fired central heating and allocated parking. The total annual income for the properties is £19,740.

ACCOMMODATION
A communal entrance door leads from the street to;

Shared Entrance Hall:
Fitted coir mat, gas meters, radiator, stairs to first floor and door to rear.

First Floor:

Shared Landing:
Stairs to second floor and doors to Flats.

Flat 1:

Tenancy Details:
Commencement date: 12/11/2020.
Rent payable: £450 per calendar month.

Accommodation:
Entrance Hall:
Open-plan Kitchen/Sitting room:
17'8" x 14'4" (5.38m x 4.47m) max
Shower room: 13'7" x 4'2" (4.14m x 1.27m)
Bedroom: 14'9" x 13'4" (4.5m x 4.06m)

Flat 2:

Tenancy Details:
Commencement date: 29/10/2017.
Rent payable: £390 per calendar month.

Accommodation:
Dining area:
Store: 15'10" x 2'10" (4.83m x 0.86m)
Open-plan Kitchen/Breakfast/Sitting room:
17' x 15'6" (5.18m x 4.72m) overall
Inner hall: 8'7" x 3'6" (2.62m x 1.07m)
Bedroom: 16'2" x 10'3" (4.93m x 1.32m) max
Shower room: 6'9" x 6'6" (2.06m x 1.98m)

Flat 3:

Tenancy Details:
Commencement date: 04/04/2009.
Rent payable: £385 per calendar month.

Accommodation:
Stairs from first floor lead to;
Second Floor: Door to;
Entrance hall:
Sitting area: 11'7" x 10'4" (3.53m x 3.15m) open-plan to;
Kitchen/Dining area: 19'4" x 7'4" (5.89m x 2.24m)
Shower room: 7'1" x 6'4" (2.16m x 1.93m)
Bedroom: 11'4" x 11'4" (3.45m x 3.45m)

Flat 4:

Tenancy Details:
Commencement date: 24/02/2019.
Rent payable: £420 per calendar month.

Accommodation:
First floor:
Entrance Lobby: 8'3" x 6'11" (2.51m x 2.11m)
Stairs to;
Second Floor:
Landing:
Kitchen/Breakfast room: 16'3" x 13'7" (4.95m x 4.14m)
Sitting Room: 17'2" x 10'3" (5.23m x 3.12m)
Bedroom: 16'6" x 14'10" (4.98m x 4.52) max
Bathroom: 7'7" x 7'6" (2.31m x 2.29m)
Bedroom: 10'6" x 10' (3.2m x 3.05m)

Outside:
There is pedestrian access to the front of the building. At the rear is a shared carpark, where each flat has an allocated parking space.

SERVICES
All mains services are connected to the property.

Central Heating is Gas Fired.

TERMS
Each property is held on a 125 year lease, commencing on 24th June 2006. Flats 1 & 3 contribute 15% to the building expenditure, 22% of expenditure to the common parts of the flats and 11% to the insurance premium. Flat 2 contributes 19% to the building expenditure, 26% to expenditure of the common parts of the flats and 13% to the insurance premium. Flat 4 contributes 21% to building expenditure, 30% to expenditure for the common parts of the flats and 15% to the insurance premium. Ground Rent is currently £125 per property, per annum.

OUTGOINGS
District Council:
Breckland.
Each property is currently assessed under council tax band A.

PARKING NOTES
At the rear is a shared carpark, where each flat has an allocated parking space.

VIEWING
By appointment through the Sole Agents,
Spalding & Co.,
Office Opening Hours:
Monday - Friday: 9:00 a.m. - 5 p.m.
Saturday: 9:30 a.m. - 12:30 p.m.
Email - property@spaldingandco.co.uk

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For further details on this property please call us on:
01328 862396

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