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1 bedroom apartment for sale
Glendenning Road, Norwich, Norfolk
£127,500
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 in a popular development in Norwich, within walking distance to the city center, train station, and Riverside Quarter. The property features gas central heating, sealed unit double glazing, and an allocated car parking space. The flat is currently let at a monthly rent of £795 pcm and will be sold with the tenant in situ, with approximately 6-7 months remaining on the 12-month AST tenancy. The property has a remaining lease of 89 years, with a service charge of £65 per month, which includes buildings insurance. The ground rent is £0. The flat is a great investment opportunity for those looking to generate rental income in a sought-after location.