Norwich
- PROPERTY TYPE
Flat
- BEDROOMS
25
- BATHROOMS
25
- SIZE
1,023 sq ft
95 sq m
- TENUREDescribes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.
Freehold
Key features
- A mixture of purpose built and converted studio and one bedroom flats
- A total of 25 units
- Popular residential locations
- A projected combined annual gross income of £226,800
Description
Introduction - The properties are being sold on a Freehold basis. The portfolio is fully occupied.
The bulk of the portfolio is within Norwich’s popular Golden Triangle. Glenda Court is located in a New Costessey.
Accomodation - Avenue Road
Four converted flats in a two storey Victorian end terrace. Layouts being a bedroom, bathroom and kitchen breakfast room. There are three car parking spaces.
Doris Road PB (purpose built)
A three storey purpose built block of flats (five altogether). Layouts being entrance hall, bathroom, kitchen, bedroom/lounge. There is a car park providing five spaces.
Doris Road
A former Victorian terrace converted into two, one bedroom apartments. There is a car park providing two spaces.
Glenda Court
A two storey purpose built block of flats (fourteen altogether). Layouts being entrance hall, bathroom, kitchen, bedroom/lounge. There is a car park providing 14 spaces.
Income - We are able to demonstrate scope to increase current incomes. Our clients have recently inherited the portfolio which has had little work carried out in terms of modernisation over the years or regular rent reviews.
Recently, between tenancies our clients have refurbished units and seen an increase of over 30% in rental generation.
As such our projections are as follows:
Avenue Road - an annual gross income of £33,000 (averaging £700 pcm).
Doris Road PB - an annual gross income of £48,000 (averaging £800 pcm).
Doris Road - an annual gross income of £24,000 (averaging £100 pcm).
Glenda Court - an annual gross income of £121,800 (averaging £725 pcm).
Location - Avenue Road and Doris Road enjoy prime positions within the popular Golden Triangle district of Norwich.
The Golden Triangle is within a short walk of Norwich’s historic city centre. With it’s vibrant mix of pubs, cafés, shops and close proximity to the UEA and Norwich University of Arts makes it incredibly popular with students.
Glenda Court is situated within a popular residential area of New Costessey which benefits from a wide range of shopping facilities and excellent transport links. Marriotts Way, a 26 mile, a foot path, cycle-path and bridleway connects Aylsham to Norwich and is within a short walk of Glenda Court. The UEA is just 2.5 miles to the south of Glenda Court.
Additional - A schedule of accommodation can be provided upon request. The properties are being sold on a freehold basis.
In accordance with the Property Mis-descriptions Act, the company gives notice that all descriptions, references to condition, necessary permissions for use and other details are given in good faith and believed to be correct, but any intending purchasers do not rely on them as statements of fact, but must satisfy themselves by inspection or other means, as to their accuracy.
Brochures
Details- COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
- Ask agent
- PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
- Yes
- GARDENA property has access to an outdoor space, which could be private or shared.
- Ask agent
- ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
- Ask agent
Energy performance certificate - ask agent
Norwich
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Norwich Station1.3 miles
- Salhouse Station5.9 miles
About AbbotFox, Norwich
Kingsley House, 2a Upper King Street, Norwich, NR3 1HA
With a unique marketing strategy that deliberately challenges industry tradition we are able to reach the widest possible audience of buyers. Backed up by regular editorial, PR, local and national advertising, longer opening hours (until 7pm weekdays and 7 days a week) social media, professionally trained photographers, appealing and intelligently targeted marketing combined with experienced, knowledgeable staff we are able to offer the best possible property marketing.
We're here to sell your property at the highest price in the shortest timescale. It's
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Visit our security centre to find out moreDisclaimer - Property reference 33337415. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by AbbotFox, Norwich. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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