12 bedroom apartment for sale

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12 bedroom apartment for sale

4-16 Unthank Road, Norwich, Norfolk, NR2 2RA
£750,000

Our Summary

  • Guide Price= £750,000 plus fees **For Sale By Unconditional Online Auction - Auction Ends 15/05/2024 11:00** A mix of residential and commercial investment properties
  • Description A range of one bedroom apartments, two bedroom property and two potential commercial ground floor units included in this freehold investment opportunity

Description

This property is being sold through an online auction with a guide price of £750,000. It is a mix of residential and commercial investment properties, including one-bedroom apartments, two-bedroom properties, and two potential commercial ground floor units. The building was constructed in 1938 using cavity wall construction and has not been on the market for many years. The freehold consists of six one-bedroom apartments, one ground floor apartment/storage/potential office space, a ground floor commercial unit, three bedroom first floor apartment, and a two-bedroom property on two floors. All units are currently let, except for one ground floor apartment/storage/office space which is undergoing renovation. The property generates a potential income of approximately £4,955 per month, and the annual ground rent for one of the units is £75.
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