Studio for sale

3 Muspole Street, Norwich, Norfolk NR3

For sale by auction on Wednesday, 30 Jul 2025 at 10:00

Venue: Livestream Auction

Grade II listed city centre ground floor studio flat let producing £7,320 pa

This charming 34 sq/m flat is one of nine residential units within a converted period property. It is in good decorative order, has a wealth of period features such as sash windows and has gas fired central heating. It is let to a long established tenant at £610 pcm (£7,320 pa).

The property is located in a prime location next to St Georges Colegate Church in a conservation area just north of the city centre. It would make an ideal purchase for an investor looking for a healthy yield.

Ground Floor
Entrance hall, bedroom/sitting room, kitchen, bathroom

Outside
Communal areas for bin storage.

Lease Details
Term: 125 years from 1992 (92 years remaining)

Ground rent: £50 pa

Ground rent review period: To be advised

Service charge: £2,400 pa

Service charge review period: To be advised

Council Tax Band
A


EPC Rating: D

Additional Fees
Buyers Premium: £600 inc VAT payable on exchange of contracts.

Administration Charge - £1200 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.