1 bedroom apartment for sale

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1 bedroom apartment for sale

Glendenning Road, Norwich, Norfolk
£127,500

Our Summary

  • Prospective purchasers should be aware that there is the remainder of a 125 year lease from1988 on this property however the purchase includes a share of the leasehold management company that owns the freehold which brings a number of benefits regarding renewals and potential lease enfranchisement

Description

This is a 1-bedroom, ground-floor flat located in a popular development in Norwich, within walking distance of the city center, train station, and Riverside Quarter. The flat features gas central heating, sealed unit double glazing, communal grounds, and an allocated car parking space. It is currently let at a monthly rent of £795, with approximately 6-7 months remaining on the tenancy. The property is being sold with the tenant in situ and includes a share of the leasehold management company, which brings benefits regarding renewals and potential lease enfranchisement. The service charge is approximately £65 per month, including buildings insurance, and the ground rent is set at £0. The flat is leasehold with a remainder of a 125-year lease from 1988.