Residential investment close to city centre. Let flat producing £7,680 pa

This spacious top floor one bedroom flat extends to around 44 sq/m. It is let to an established tenant on a periodic assured shorthold tenancy dated 13th January 2020 at a current rent of £640 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 for those Norwich city fans, Carrow Road.

Tenure

Leasehold. Term: 125 years from 29th September 1977

Accommodation

Secure communal entrance, entrance hall, bathroom, sitting room, 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.

Lease details

Term: 125 years from 29th September 1977 (77 years remaining) Annual ground rent amount: £69 Ground rent review period: September 2057 Annual service charge amount: £1,242.84 Service charge review period: Please refer to legal pack

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

Fosters (Wymondham), Ref: Sue Zavanaiu, Tel: 01953 607724

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.