For Sale By Auction | 11:00, 01 May 2024 | Lot 5

158 Hall Road, Norwich, Norfolk NR1 2PP

*Guide | £225,000 - £250,000 (plus fees)

  • Block of Apartments
  • 4 Bedrooms
  • Tenure: Freehold

Call the team on 01603 505 100 for more information

Auction Date

Wed 01/05/2024

Auction Time

11:00

Auction Venue

Livestream Auction

Three fully self contained flats currently let to established tenants producing £22,200 pa

This excellent investment opportunity comprises of a spacious end terrace house that has been converted into two one bedroom flats and a two bedroom town house. The properties are self contained with their own gas central heating systems and are fully double glazed. The rental income is currently £22,200 pa but potential exists for an increase in rent to market levels to enhance the income at the end of the current fixed term assured shorthold tenancy agreements. The property is situated close to local shops, schools and public transport facilities. The city centre is also with a mile of the property.

Tenure

Freehold

Unit 1 (Ground Floor)

Hall, sitting room, bedroom inner lobby, shower room

Unit 2 (First Floor)

Entrance lobby with staircase to landing, lounge, kitchen, bedroom, bathroom

Unit 3 (Townhouse)

Ground Floor: hall, lounge, kitchen. First Floor, landing, bedroom, box bedroom, bathroom

Outside

There are three parking spaces and resident garden areas

Tenancy details

Flat A: Rent £600 12 month fixed term ends November 2024 Flat B: Rent £600 12 month fixed term ends September 2024 Unit C: Rent £650 12 month fixed term ends October 2024

Council Tax Band

A

Viewings

Viewings are strictly by appointment and in conjunction with the tenants. The next are on Friday 19 April. To book an appointment please call the Norwich office.

Energy Efficiency Rating (EPC)

Current Rating C, C, 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

Birketts (Norwich), Ref: Gaynor Smith, Tel: 01603 542692

Important Notice to Prospective Buyers:

We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.

Additional Fees

Buyer's Premium - £600 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.