1 bed Flat For Sale £159,950
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.
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 but can be offered with vacant possession. The charges are listed below.
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.
Lease length:
111 reaming of a 125 year lease
All flats to have a possibility to acquire a share of the freehold by separate negotiation for approx 4000, the freeholder is in discussion with other leaseholders at the moment.
Charges:
Ground Rent: 0
Service charges:basic : 223.74 contribution to S/fund : 60. B. Insurance : 231.33 = Total: 515.07p.a
Current tenant pays 750pcm and is on a rolling contract.
Council Tax Band: A
EPC Rating: C valid until 2029
*Internal photos will follow W/C 1st of august, and are booked in. Viewings available with min 24 notice to the tenant.
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 but can be offered with vacant possession. The charges are listed below.
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.
Lease length:
111 reaming of a 125 year lease
All flats to have a possibility to acquire a share of the freehold by separate negotiation for approx 4000, the freeholder is in discussion with other leaseholders at the moment.
Charges:
Ground Rent: 0
Service charges:basic : 223.74 contribution to S/fund : 60. B. Insurance : 231.33 = Total: 515.07p.a
Current tenant pays 750pcm and is on a rolling contract.
Council Tax Band: A
EPC Rating: C valid until 2029
*Internal photos will follow W/C 1st of august, and are booked in. Viewings available with min 24 notice to the tenant.
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