King Street, : £480,000
INVESTMENT OPPORTUNITY – BLOCK OF FOUR APARTMENTS – THETFORD HIGH STREET GD Estates are pleased to bring to market this block of four self-contained one-bedroom apartments, ideally situated on Thetford High Street. Each apartment comprises a double bedroom, kitchen, living room, and bathroom, offering well-proportioned accommodation throughout. The block benefits from a shared roof terrace,…
GD Estates are pleased to bring to market this block of four self-contained one-bedroom apartments, ideally situated on Thetford High Street.
Each apartment comprises a double bedroom, kitchen, living room, and bathroom, offering well-proportioned accommodation throughout. The block benefits from a shared roof terrace, providing outdoor space for residents, and free parking is conveniently available nearby at Tanner Street car park.
All four units are currently tenanted, generating a gross yield of 7.8%, making this an excellent investment for landlords seeking strong and immediate returns.
Key Features:
- Four self-contained one-bedroom apartments
- Fully tenanted with established rental income
- Gross yield of 8.1%
- Shared roof terrace
- Central location with nearby free parking
- Two commercial units available under separate negotiation
TENANCY DETAILS Flat 1 - £800pcm - EPC E
Flat 2 - £750pcm - EPC D
Flat 3 - £850pcm - EPC D
Flat 4 - £750pcm - EPC E
Total: £3150
Holding Deposits:
A holding deposit, equal to 1 weeks rent, is payable upon the start of the application.
Successful Applications - any holding deposit will be offset against the Initial Rent and Deposit, with the agreement of the payee.
Fees, payable in accordance with the Tenant Fees Act 2019:
Unpaid Rent: Interest at 3% above the Bank of England Base Rate from Rent Due Date until paid in order to pursue non-payment of rent. Please Note: This will not be levied until the rent is more than 14 days in arrears.
Lost Key(s) or other Security Device(s): Tenants are liable to the actual cost of replacing any lost key(s) or other security device(s). If the loss results in locks needing to be changed, the actual costs of a locksmith, new lock and replacement keys for the tenant, landlord any other persons requiring keys will be charged to the tenant. If extra costs are incurred there will be a charge of £15 per hour (Inc. VAT) for the time taken replacing lost key(s) or other security device(s).
Variation of Contract £50 (Inc. VAT) per agreed variation. (To cover the costs associated with taking landlord´s instructions as well as the preparation and execution of new legal documents)
Change of Sharer £50 (Inc. VAT) per replacement tenant or any reasonable costs incurred if higher. (To cover the costs associated with taking landlord´s instructions, new tenant referencing and Right-to-Rent checks, deposit registration as well as the preparation and execution of new legal documents.
Early Termination: Should the tenant wish to leave their contract early, they shall be liable to the landlord´s costs in re-letting the property as well as all rent due under the tenancy until the start date of the replacement tenancy. These costs will be no more than the maximum amount of rent outstanding on the tenancy.
Deposit:
A deposit equal to 5 weeks rent (6 weeks rent, where the annual rent greater than £50,000.00). The deposit and first month’s rent is payable once the references have been passed and before the tenancy begins.
GD Estates is a member of CMP Propertymark, which is a client money protection scheme, and also a member of TPOS (The Property Ombudsman Service), which is a redress scheme. You can find out more details on the agent’s website or by contacting the agent directly.
Contact Us for more details or to arrange a viewing.
