Purpose built two bedroom flat with garage and garden let producing £8,700 pa

This purpose built two bedroom ground floor flat extends to around 53 sq/m, has a modern kitchen and bathroom and is in good decorative order. The property is double glazed and has a garage and garden. It is let to an established tenant on a periodic assured shorthold tenancy agreement dated 16th January 2023 at a current rent of £725 pcm. It is located around two miles north of the city centre and would make an ideal buy to let investment. First time to market in 27 years.

Tenure

Leasehold. 999 years from 1st January 1973

Ground floor

Garage

First floor

Entrance hall, kitchen, bathroom, two bedrooms, sitting room

Outside

Rear garden

Lease Details:

Term: 999 years from 01 January 1973 (947 years remaining) Annual Service Charge: £700 Service Charge Review Period: Please refer to legal pack Annual Ground Rent: £20.00 Ground Rent 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.