A vacant leasehold 2 bedroom first floor flat with parking requiring refurbishment, supplying good access to Norwich City centre. An ideal rental investment with an estimated rental value of £950 PCM gross yield 11.4% PAX when modernised.
Auction date
To be sold by online auction on Friday 24th November 2023 with a 6 WEEK COMPLETION, bidding will open at 10.00.
Registration
All bidders/potential buyers are required to register ahead of the auction date to be able to bid/buy, please visit our website to setup an online auction account.
Location
* First floor flat * 2 bedrooms * Requiring modernisation * Good investment potential
Description
* Popular residential area * Close to City Centre * Good access to University of East Anglia and riverside * Mainline rail service to London Liverpool Street.
Accommodation
Comprises:
Ground floor
Communal entrance hall, stairs to:
First floor
Landing, external utility room door to: Entrance hall, living room, kitchen, bathroom, WC, 2 bedrooms
Outside
Communal gardens, driveway, garage
EPC rating
D
Tenure
Leasehold with vacant possession
Lease
125 years from 29 September 1977 - 78 years remaining
Ground rent and service charge
Please see legal pack for further details.
Council tax band
B - Norwich
Legal pack
For each lot there are Special Conditions of Sale and other documentation provided by the vendor’s solicitors. If you wish to receive the Legal Pack, you will be able to register for this via the link on our website. You will receive notification by email once the Legal Pack is received from the solicitor.
Additional fees
A buyers charge of £1,200 including VAT is payable on each lot that you buy, in addition to the sale price. Please be aware there may be other additional fees, including disbursements contained in the legal pack payable on completion. Please ensure that you check the legal pack for each lot that you are interested in, prior to bidding.
Pre-auction offers
These must be made in writing and will only be considered if the Legal Pack has been inspected and proof of funding has been supplied to the auctioneers. Pre-auction offers are only considered an auction basis in accordance with the “Terms & Conditions - Unconditional Auction”.
* Generally speaking Guide Prices are provided as an indication of each seller's minimum expectation, i.e. 'The Reserve'. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Virtually every property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
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