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

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.