Residential investment close to city centre Let flat producing £6,000 pa

This spacious ground floor one bedroom flat is currently let on a six month assured shorthold tenancy with effect from 6th June this year at £500 pcm, and would make an ideal investment. The property is in good decorative order and benefits from double glazing and central heating. Overlooking the old City Walls this purpose built 1950s block sits in an elevated position to the rear of The Towers development with access via Carrow Hill or Ice House Lane off Bracondale. There is easy access into the city centre, Riverside complex, railway station and of course Carrow Road.

Tenure

Leasehold

Accommodation

Secure communal entrance, entrance hall, bathroom, lounge, bedroom, kitchen, pantry

Outside

Private bike / stores cupboard, communal grounds mainly laid to lawn with established shrubs and borders. Permit parking is available on the street.

Tenure

Leasehold 125 year lease from 29th September 1977 Ground rent £60 pa Current service charge £1,030 pa.

Viewings

This property is currently tenanted so viewings are limited. Please call the Norwich office on 01603 505100 to discuss whether we can show prospective buyers around internally.

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: Rebecca Edwards, Tel: 01603 724644

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.