A long leasehold city centre apartment currently let for £6,600 pa

Located with views of Norwich Castle and Castle Mall gardens is this ground floor studio apartment with separate basement storage. The studio is currently let from February 2023 on an Assured Shorthold Tenancy basis with a rent of £550 pcm. There is a break clause in August 2023. The property was formerly an office but the ground floor was granted residential status as a studio apartment in May 2021.

Tenure

Leasehold. 125 years from 5th August 2004

Basement

Hallway, three office areas, storage room

Ground Floor

Hall, lounge/bedroom, kitchen area, shower room.

Planning

Planning consent was granted by Norwich City Council for conversion of the ground floor from office (Class B1a) to residential (Class C3) on 22 July 2021. Ref 32/00765/PDD

Lease details

Term: 125 years from 1 January 2003 (105 years remaining) Annual Ground Rent Amount: £1,056 pa (for 26, 27, 28 & 29) Ground Rent Review Period: 1 January 2024 Annual Service Charge Amount: £1,204.12 Service Charge Review Period: 1 January 2024

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

Hayward Moon (Ipswich), Ref: Mark Hayward, Tel: 01473 234734

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.