Sold £321,000
- Terraced House
- 5 Bedrooms
- Tenure: Freehold
Call the team on 01603 505 100 for more information
Residential investment producing over £26,000 pa
City centre residential investment producing over £26,000pa This city centre Grade II listed mid terrace property is located in a prime position overlooking Chapelfield Gardens. It has been in the same ownership for around thirty years and was converted in the early 1990's to form three, one bedroom flats and two studios. The accommodation covers four floors with a basement flat on the lower ground floor accessed from the side, a flat and bedsit on the ground floor, a bedsit on the first floot and a flat on the second floor. All the units are currently let providing an income of £2,198 pcm (£26,376pa).
Tenure
Freehold
Description
Ground Floor Bedsit (1)
Bedroom/kitchen/sitting room, shower + w.c. Let on a six month Assured Shorthold tenancy dated 14th September 2015 at £360pcm (£4,320pa).
Ground and First Floor Flat (2)
Ground Floor: Sitting room/kitchen First floor: Bedroom with en-suite shower. Let on a six month Assured Shorthold tenancy dated 1st March 2016 at £460pcm (£5,520pa)
First Floor Bedsit (3)
Bedroom/sitting room/kitchen, shower + w.c. Let on a twelve month Assured Shorthold tenancy dated 1st February 2016 at £425 pcm (£5,100pa).
Second Floor Flat (5)
Entrance hall, bedroom, bathroom, sitting room/kitchen, Let on a twelve month Assured Shorthold tenancy dated 12th February 2016 at £493 pcm (£5,916pa).
Basement Flat (9A)
Accessed from side. Sitting room/kitchen, shower and w.c., bedroom. Let on a six month Assured Shorthold tenancy dated 16th January 2016 at £460pcm (£5,520pa).
Viewing
Open days
Energy Efficiency Rating (EPC)
Current Rating Flat 1 - D Flat 2 - E Flat 4 - E Flat 5 - E Flat 9A - E
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
Spire Solicitors, 5-7 Church Street, Wymondham, Norfolk NR18 0PP, Ref: Mr P Cook, Tel: (01953) 606351
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
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1,200 (£1,000+ 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.
