An interesting investment/modernisation opportunity with garaging in the town centre location

A unique opportunity to acquire this substantial property comprising the freehold of two blocks of flats including 3 vacant units, together with 7 garages and situated in the heart of this renowned racing town. 27A Station Road is a 1970s built block comprising 3 self-contained flats, all of which have been sold on 125 year leases in 1983 and pay an annual ground rent of £10 plus a proportionate part of the repairing and maintenance costs. To the rear is a row of 7 single garages with up and over doors, 3 of which are let. 29 Station Road is a Victorian villa conversion comprising 5 flats, 2 of which have been sold off on 125 year leases in 1989 and 2000 respectively whilst the other 3 are vacant and comprise 2 large studio and 1 one bedroom units which are in need of modernisation. We consider this to be a first class opportunity for the investor/developer.

Tenure

Freehold

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating Flat 2, 29 Old Station Rd : D Flat 3, 29 Old Station Rd : G Flat 5, 29 Old Station Rd : E

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Forest Heath District Council. Tel: 01638 719000

Solicitors

Birketts, Kingfisher House, 1 Gilders Way, Off Barrack Street, Norwich NR3 1UB, Ref: Ms S Balfour, Tel: 01603 232300

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.