33 Normanton Road, South Croydon
, CR2 7AE
Price: Buy: POA
Size: SOA Primary Category: Investment All Categories:
Investment, Property Ref/Movehut: MH636443 Property Ref/Agent: 12890
*Please use the agent ref when calling the agent directly.
A freehold ground rent investment offered for sale producing an annual rental income of £2,200.00 per annum gross.
The property comprises 7 modern self-contained flats with 3 allocated car parking spaces and a large communal garden.
The 7 flats are held on a long leasehold basis each with a term of 125 years commencing in 2018.
The service charge budget year end 2019 has been set with the landlord collecting a total annual service charge income of £7,874.50 apportioned on a floor area basis between the 7 flats.
The landlord's managing agent manages the property at an annual charge of £2,083.33 per annum excluding VAT.
Buildings insurance which covers the annual cost for insuring the building, including terrorism cover has been placed at sum of £1,000.
Freehold ground rent investment offered for sale;
Seven modern & newly built self-contained flats each held on 125 year leases commencing December 2018;
Annual ground rent income of £2,200;
Fixed rent increases every 25 years;
The landlord collects a total service charge of £7,874.50 per annum which includes £1,000 for insuring the building;
Guide Price - £55,000 for the freehold interest, subject to contract.
EPC for 33 Normanton Road, South Croydon
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