Grade II listed city centre ground floor studio flat let producing £7,320 pa

This charming 34 sq/m flat is one of nine residential units within a converted period property. It is in good decorative order, has a wealth of period features such as sash windows and has gas fired central heating. It is let to a long established tenant at £610 pcm (£7,320 pa). The property is located in a prime location next to St Georges Colegate Church in a conservation area just north of the city centre. It would make an ideal purchase for an investor looking for a healthy yield.

Tenure

Leasehold. 125 years from 1992

Ground Floor

Entrance hall, bedroom/sitting room, kitchen, bathroom

Outside

Communal areas for bin storage.

Lease Details

Term: 125 years from 1992 (92 years remaining) Ground rent: £50 pa Ground rent review period: To be advised Service charge: £2,400 pa Service charge review period: To be advised

Council Tax Band

A

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

Hansells (Norwich), Ref: Claire Parker, Tel: 01603 224 809

Additional Fees

Buyer's Premium - £600 inc VAT payable on exchange of contracts.

Administration Charge - £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.