Ground rent investment comprising nine city centre apartments producing £1,350pa

A freehold ground rent investment secured on a purpose built block of nine flats located close to the city centre This freehold ground rent investment is located central to Norwich city centre and comprises nine purpose built apartments currently providing an income of £1,350pa. The properties are within a short walk of the historic Elm Hill and Cathedral areas of Norwich.

Tenure

Freehold

Tenancy

Each flat is subject to a lease for the term of 125 years with an annual ground rent of £150 per property.

Note

The lessees have not elected to take up their rights of pre-emption under the terms of the Landlord and Tenant Act 1987.

Viewing

Any reasonable time - external viewing only

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. Tel: 0344 980 3333

Solicitors

Cozens Hardy LLP, Castle Chambers, Opie Street, Norwich NR1 3DP, Ref: Rebecca Edwards, Tel: (01603) 724644

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.