First floor one bedroom flat let producing over £5,700 pa

This purpose built top floor flat extends to around 30 sq/m, has a modern kitchen and bathroom and is in good decorative order. The property is double glazed and has gas central heating. It is let to Norwich City Council at a current rent of £481.01 pcm (£5,772.12 pa) It would be an ideal purchase for an investor and is located around two miles north of the city centre close to a range of services and amenities. First time to market in 27 years.

Tenure

Leasehold. 125 years from 25th December 1970

Description

Hallway, wc, kitchen, bathroom, bedroom, living room.

Lease Details

Term: 125 years from 25th December 1970 (70 years remaining) Annual Service Charge: £1,068.76 Service Charge Review Period: Please refer to legal pack Annual Ground Rent: £15.00 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.