Residential investment: 3 bedroom property & studio flat let producing £24,564 pa

High yielding residential investment producing £24,564pa This period Victorian property dates from 1910 and was tastefully converted in 2008 into a three bedroom ground floor apartment and a lower ground floor studio apartment. It offers spacious and well presented accommodation with three double bedrooms on the ground floor and a self-contained studio apartment on the lower ground floor. It has a blend of Victorian character and contemporary design. It is fully furnished, including white goods, and benefits from high ceilings, sash windows, fully fitted kitchens and gas central heating. The property is let on four individual Assured Shorthold Tenancies inclusive of bills, as per the schedule of rents.

Tenure

Leasehold. 125 years from 2015. Ground Rent £350pa. Service Charge £375pa.

Description

Ground Floor

Open living/dining/kitchen area, bedrooms 1, 2 and 3, shower room.

Outside

Ground floor south facing space for bin storage, decked seating area.

Basement Studio Flat (86A)

Lounge/dining area, en-suite bedroom, walk-in dressing room, kitchen area.

Outside

Enclosed courtyard and seating area.

Note 1

In addition to the administration charge, the purchaser will be required to pay a buyer's premium of £420 (£350+VAT) which is payable upon signing the contracts.

Note 2

The freehold of the property may be available by separate negotiation.

Viewing

Open days

Energy Efficiency Rating (EPC)

Current Rating C

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

Philip Hook Solicitor, 67 Christchurch Road, Norwich NR2 3NG, Ref: Mr P Hook, Tel: 01603 717390

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.