Residential investment close to city centre. Let flat producing £6,420 pa.

This spacious second floor one bedroom flat is currently let to an established tenant who has been in occupation for around seven years. The initial six month assured shorthold tenancy with effect from 20th July 2015 is now holding over and the current rent is £535 pcm. 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.

Council Tax Band

A

Lease Details

Term: 125 years from 29th September 1977 (80 years remaining) Annual ground rent amount: £60 Ground rent review period: September 2057 Annual service charge amount: £1,089 Service charge review period: Not known

Viewings

Open viewings have been arranged for Friday 21st October. APPOINTMENT ESSENTIAL. Please contact the Norwich Office to book an appointment 01603 505100.

Energy Efficiency Rating (EPC)

Current Rating D

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, Ref: Rebecca Edwards, Tel: 01603 724644

Additional Fees

Buyer's Premium - £900 inc VAT payable on exchange of contracts.

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