This freehold investment opportunity comprises of two commercial units and three residential apartments located on the main road into King's Lynn town centre. The three apartments are currently let on assured short hold tenancies and generate an annual income of £21540. The two commercial units are currently available for rent with a potential income of £24000 per annum. There is access from both London Road and Guanock terrace with time limited parking on both streets. The following addresses are included within the sale 54 & 55 London Road, 51a, 51b and 52 Guanock terrace, King's Lynn. The current rents are:51a Guanock Terrace: £495PCM (Potential for further increase) 2 bedroom apartment, 51b Guanock terrace £750PCM 2 bedroom apartment, 52 Guanock terrace 1 bedroom apartment £550PCM
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
DISCLAIMER: Property descriptions and related information displayed on this page are marketing materials provided by King & Partners - Downham Market. Placebuzz does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact King & Partners - Downham Market for full details and further information.