COVID-19 – Important Auction Information
For Sale By Auction | 11:00, 24 March 2021 | Lot 5

9 Derby Street, Norwich, Norfolk, NR2 4PU

*Guide | £80,000 - £100,000 (plus fees)

  • Flat
  • 1 Bedroom
  • Tenure: Leasehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 24/03/2021

Auction Time

11:00

Auction Venue

Livestream Auction

Residential investment producing £7,200 pa Let one bedroom flat close to city centre

This purpose built first floor one bedroom flat is let on a six month assured shorthold tenancy with effect from 30.11.20 producing £600 pcm (£7,200 pa). The property is located less than a mile west of the city centre. This would be an ideal purchase for an investor looking for a good yield.

Tenure

Leasehold

Description:

First Floor:

Entrance hall, store cupboard, bathroom, kitchen, lounge, bedroom

Outside

Communal rear garden.

Tenure

Leasehold 125 years from 07.10.96 (100 years remaining) Ground rent and service charge: £154 per quarter to include ground rent of £10. Service charge includes heating and hot water

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. Tel: 0344 980 3333

Solicitors

Ronaldsons, 45 Dereham Road, Norwich, NR2 4HY, Ref: Zillah Wood, Tel: 01603 621113

Additional Fees

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 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.