Call the team on 01603 505 100 for more information
A productive residential investment producing £17,460 pa
This purpose built first floor apartment has been recently redecorated and updated and made ready for a new multi-let tenancy which commences May 2020. There are three tenants each paying between £450 and £500 pcm giving a total income of £17,460 per annum. The landlord is responsible for service and maintenance charges. The property is convenient for access to the city centre, the university and hospital with regular bus services and local shops available on Dereham Road which is a short walk away.
Tenure
Leasehold. 125 years (92 Years remaining)
Ground Floor
Entrance lobby with staircase to first floor
First Floor
Landing, three bedrooms, kitchen, bathroom
Outside
Garden area to rear, useful external store shed, on street parking
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Norwich City Council
Solicitors
Cozens-Hardy LLP, Castle Chambers, Opie Street, Norwich, NR1 3DP, Ref: Charlotte Hunter, Tel: 01603 625231
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £954 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.