Freehold ground rent investment producing £400 pa secured on a mixed use property
This freehold ground rent is secured upon a ground floor commercial property occupied by an estate agent with two 2 bedroom flats above. The shop was sold off on a 999 year lease with effect from 1st January 2016 with a ground rent of £200 pa. The two flats were sold off on a 125 year lease with effect from 1st January 2016 (119 years remaining) with a ground rent of £100 pa per flat so £200 pa. In total the income is £400 pa. Copies of the leases along with further information will be in the online legal pack. The end terrace building with accommodation over three floors borders Unthank Road to the front and Gloucester Street to the side. It is in a prominent position in the heart of the Golden Triangle. This would appeal to a long term investor looking for an attractive yielding secure income.
Energy Efficiency Rating (EPC)
Current Rating E
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Norwich City Council
Ashtons Legal, Ref: Greg McCurday
Administration Charge - 0.3% inc VAT of the purchase price, subject to a miniumum of £1200 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.