8 bed flat for sale

Downs Road, Hunstanton, Norfolk PE36

*open house 11am -1pm 28th March*

Outstanding Investment / Business Opportunity

Freehold Property with Seven Self-contained Flats in Coastal Hunstanton – No Onward Chain

An exceptional opportunity to acquire a substantial freehold property comprising seven individual self-contained flats and studios, perfectly positioned on the ever-popular Downs Road, just a short distance from Hunstanton’s vibrant town centre and seafront.

This well-arranged building offers a mix of studios and one-bedroom flats, each featuring their own private entrance, private parking, and fully independent kitchen and bathroom facilities, making the property ideal for long-term rentals, serviced accommodation, or holiday lets (subject to relevant consents).

The building is offered for sale Freehold with full vacant possession.

The property has been owned by the current owner as a successful rental investment for over 25 years. No individual leases have been issued for the flats.

The Estimated Rental Value (erv’s) for all units is c.£56,000 per annum.

Tucker Gardner Lettings department Hunstanton have continually let the flats for a number of years and would be happy to provide guidance on rental income and re-letting the properties going forward.

Set within a prime coastal location known for strong year-round demand, the property presents a compelling business or investment prospect with the potential for excellent returns.

Please note: An EPC is available for each individual apartment upon request. Please speak with the agent for further details.

Offered with no onward chain, this is a rare chance to secure a versatile and income generating asset in one of Norfolk’s most desirable seaside towns.

Early viewing is highly recommended.

This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
A Buyer Information Pack is provided. The winning bidder will pay £349.00 including VAT for this pack which you must view before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Any payment that will be received by the Agent or Auctioneer will be confirmed to you in writing before services are taken. Services are optional.