Block of flats for sale in 158 Hall Road, Norwich, Norfolk NR1

For sale by auction on Wednesday, 01 May 2024 at 11:00

Venue: Livestream Auction

Three fully self contained flats currently let to established tenants producing £22,200 pa

This excellent investment opportunity comprises of a spacious end terrace house that has been converted into two one bedroom flats and a two bedroom town house. The properties are self contained with their own gas central heating systems and are fully double glazed. The rental income is currently £22,200 pa but potential exists for an increase in rent to market levels to enhance the income at the end of the current fixed term assured shorthold tenancy agreements.

The property is situated close to local shops, schools and public transport facilities. The city centre is also with a mile of the property.

Unit 1 (Ground Floor)
Hall, sitting room, bedroom inner lobby, shower room

Unit 2 (First Floor)
Entrance lobby with staircase to landing, lounge, kitchen, bedroom, bathroom

Unit 3 (Townhouse)
Ground Floor: Hall, lounge, kitchen.

First Floor, landing, bedroom, box bedroom, bathroom

Outside
There are three parking spaces and resident garden areas

Tenancy details
Flat A: Rent £600 12 month fixed term ends November 2024

Flat B: Rent £600 12 month fixed term ends September 2024

Unit C: Rent £650 12 month fixed term ends October 2024

Council Tax Band

A

Viewings
Viewings are strictly by appointment and in conjunction with the tenants. The next are on Thursday 25 and Monday 29 April. To book an appointment please call the Norwich office.

EPC Rating: C, C, D

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1200 inc VAT, payable on exchange of contracts.

Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.

Price Information
* Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each 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.

Additional Fees Information
Please be aware there may be additional fees payable on top of the final sale price. This includes and are not limited to administration charges and buyer's premium fees payable on exchange, and disbursements payable on completion. Please ensure you check the property information page for a list of any relevant additional fees as well as reading the legal pack for any disbursements.