1 bed Flat For Sale £169,950
Located in Norwich Avenue, a stones throw from Bournemouth Square is Newgate Lodge, a modern complex of apartments that are maintained to a high standard. This flat faces the rear of the property and features 1 double bedroom, a modern bathroom and large open plan lounge/kitchen . The property is heated via gas central heating and is fully double glazed, offering an EPC rating of C, which will benefit home-buyers but also investors with future energy commitments which are due to be implemented by 2025. The council tax band is A, again offering value for money. The flat also benefits from some private outdoor patio space which is very desirable for Town Centre flats.
We have been informed by the tenant that there are special concessionary rates for residents in the immediate vicinity so he is paying 35 a month, 420 a year instead of almost double that on the published rate in the nearby ncp car park.
This flat is owned and sold by the freeholder who will retain control of the building management, and has ensured the building has been well tended to, while keeping the running charges as competitive as possible for the leaseholders. To allow the leaseholders to maximize their investments or home buyers to afford their annual commitments while living in a nice development. The property is currently tenanted and the tenant has lived at the property for over 10 years looking after it well. The charges are listed below.
Lease length:
111 reaming of a 125 year lease
Charges:
0 Ground Rent
Service charges:basic : 242.99 contribution to S/fund : 65. B. Insurance : 250.61 = Total: 558.60 p.a
Currently rented to a Tenant at 750pcm. Current Tenancy fixed term until October. In the current AST there is a rent review clause that takes the rent up to 775 if the tenant wishes to stay on.
EPC Rating: C valid until 2029
We have been informed by the tenant that there are special concessionary rates for residents in the immediate vicinity so he is paying 35 a month, 420 a year instead of almost double that on the published rate in the nearby ncp car park.
This flat is owned and sold by the freeholder who will retain control of the building management, and has ensured the building has been well tended to, while keeping the running charges as competitive as possible for the leaseholders. To allow the leaseholders to maximize their investments or home buyers to afford their annual commitments while living in a nice development. The property is currently tenanted and the tenant has lived at the property for over 10 years looking after it well. The charges are listed below.
Lease length:
111 reaming of a 125 year lease
Charges:
0 Ground Rent
Service charges:basic : 242.99 contribution to S/fund : 65. B. Insurance : 250.61 = Total: 558.60 p.a
Currently rented to a Tenant at 750pcm. Current Tenancy fixed term until October. In the current AST there is a rent review clause that takes the rent up to 775 if the tenant wishes to stay on.
EPC Rating: C valid until 2029
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