2 bed Flat For Sale £65,000
For sale by auction on Wednesday, 20 Oct 2021 at 11:00
Venue: Livestream Auction
Spacious two bedroom flat currently let on an AST producing £660 pcm (£7,920pa)
Normandy tower is a block of flats situated in the centre of Norwich, this purpose built flat was constructed for the council in 1966 and is served by a communal oil system through the block. The flat has been let for the past 8 years and is currently producing £7,920pa. The flat is situated on the 11th floor and is served by a lift in the communal foyer. Surprisingly spacious, the accommodation offers entrance hall, lounge/diner taking in a nice view of local church spires, kitchen, two bedrooms and bathroom. This is a ready made investment purchase for those wanting to add to their portfolio.
Communal Hall
Key fob access with lift and staircase to the 11th floor
Flat
Hall, lounge/diner, kitchen, two double bedrooms and bathroom
Lease Details
125 years commenced 1991 (95 years remaining)
£358/quarter maintenance/heating and ground rent
EPC Rating: C
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 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.
Venue: Livestream Auction
Spacious two bedroom flat currently let on an AST producing £660 pcm (£7,920pa)
Normandy tower is a block of flats situated in the centre of Norwich, this purpose built flat was constructed for the council in 1966 and is served by a communal oil system through the block. The flat has been let for the past 8 years and is currently producing £7,920pa. The flat is situated on the 11th floor and is served by a lift in the communal foyer. Surprisingly spacious, the accommodation offers entrance hall, lounge/diner taking in a nice view of local church spires, kitchen, two bedrooms and bathroom. This is a ready made investment purchase for those wanting to add to their portfolio.
Communal Hall
Key fob access with lift and staircase to the 11th floor
Flat
Hall, lounge/diner, kitchen, two double bedrooms and bathroom
Lease Details
125 years commenced 1991 (95 years remaining)
£358/quarter maintenance/heating and ground rent
EPC Rating: C
Additional Fees
Buyers Premium: £960 inc VAT payable on exchange of contracts.
Administration Charge - 0.3% inc VAT of the purchase price, subject to a minimum of £1140 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.
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