2 Bedrooms |
2 Bathrooms |
1 Receptions
£950,000
For Sale
A superb turnkey investment opportunity in one of Norwich's most sought-after modern residential developments.
Offered as a single block on a long leasehold of over 980 years, 48-58 Bahram Road comprises six well-proportioned two-bedroom apartments, all currently let and generating a combined annual income of £67,740 per annum, representing a strong return of just over 7% yield.
This is an ideal acquisition for investors seeking an immediately income-producing asset with long-term rental demand, minimal void risk, and strong tenant appeal.
A key additional advantage is that the block benefits from a Right to Manage (RTM) management company, meaning the owners retain control over the management of the building rather than being tied to an external managing agent.
*Right to Manage allows leaseholders/investors to:
*Take control of service charge expenditure
*Appoint their own managing agents
*Improve efficiency and transparency
*Protect the long-term condition and value of the asset
*Avoid excessive third-party management costs
Located within the thriving and well-established Queens Hill development, the apartments are perfectly positioned for consistent rental demand, with excellent access to the University of East Anglia, the Norfolk & Norwich University Hospital, and Norwich's expanding employment hubs.
A rare chance to acquire a fully stabilised residential block in a prime Norwich investment location.
OUTSIDE The building is complemented by well-maintained communal grounds and practical external facilities. Each apartment benefits from its own allocated parking space, in addition to one designated visitor parking space. There is also a secure bin store and a dedicated bicycle storage area, providing convenient and tenant-friendly amenities.
LOCATION Queens Hill is a highly regarded modern development on the western edge of Norwich, valued for its strong community feel, attractive housing stock and excellent local amenities including supermarkets, cafés, schools, green spaces and regular transport links into the city. The area is especially popular with professional tenants, hospital staff and university-linked renters, making it an ideal buy-to-let location. Norwich itself is one of the UK's strongest regional investment cities, supported by two major universities, the Norfolk & Norwich University Hospital, a growing business sector and excellent rail connections to London and Cambridge, all of which continue to underpin long-term rental demand.
MANAGEMENT & TENURE INFORMATION The block benefits from an established and efficient management structure, offering investors strong long-term control and security.
Right to Manage (RTM) Company
The building is operated under a Right to Manage company, with current management costs of approximately £666 per flat, per annum.
Managing Agent
Day-to-day management is currently provided by Gateway Property Management, at an annual cost of approximately £560 per flat.
Lease Length
Each apartment is held on an exceptionally long lease of 999 years, with only 18 years elapsed, providing excellent long-term lease security.
Freehold Ownership
The freehold is owned by Stafford Chase, and the sale includes the benefit of control through the existing RTM structure.
IMPORTANT INFORMATION Potential purchasers will be responsible for arranging and meeting the cost of obtaining the individual management information packs for each apartment.
EPC Rating: All apartments are rated as a B or C
Local Council: South Norfolk District Council.
Council Tax Band: Every apartment is a band B
Services: Gas, Electricity, Drains & Water
IMPORTANT NOTICE Property Ladder, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Property Ladder have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. These published details should not be considered to be accurate and all information, including but not limited to lease details, boundary information and restrictive covenants have been provided by the sellers. Property Ladder have not physically seen the lease nor the deeds.
Offered as a single block on a long leasehold of over 980 years, 48-58 Bahram Road comprises six well-proportioned two-bedroom apartments, all currently let and generating a combined annual income of £67,740 per annum, representing a strong return of just over 7% yield.
This is an ideal acquisition for investors seeking an immediately income-producing asset with long-term rental demand, minimal void risk, and strong tenant appeal.
A key additional advantage is that the block benefits from a Right to Manage (RTM) management company, meaning the owners retain control over the management of the building rather than being tied to an external managing agent.
*Right to Manage allows leaseholders/investors to:
*Take control of service charge expenditure
*Appoint their own managing agents
*Improve efficiency and transparency
*Protect the long-term condition and value of the asset
*Avoid excessive third-party management costs
Located within the thriving and well-established Queens Hill development, the apartments are perfectly positioned for consistent rental demand, with excellent access to the University of East Anglia, the Norfolk & Norwich University Hospital, and Norwich's expanding employment hubs.
A rare chance to acquire a fully stabilised residential block in a prime Norwich investment location.
OUTSIDE The building is complemented by well-maintained communal grounds and practical external facilities. Each apartment benefits from its own allocated parking space, in addition to one designated visitor parking space. There is also a secure bin store and a dedicated bicycle storage area, providing convenient and tenant-friendly amenities.
LOCATION Queens Hill is a highly regarded modern development on the western edge of Norwich, valued for its strong community feel, attractive housing stock and excellent local amenities including supermarkets, cafés, schools, green spaces and regular transport links into the city. The area is especially popular with professional tenants, hospital staff and university-linked renters, making it an ideal buy-to-let location. Norwich itself is one of the UK's strongest regional investment cities, supported by two major universities, the Norfolk & Norwich University Hospital, a growing business sector and excellent rail connections to London and Cambridge, all of which continue to underpin long-term rental demand.
MANAGEMENT & TENURE INFORMATION The block benefits from an established and efficient management structure, offering investors strong long-term control and security.
Right to Manage (RTM) Company
The building is operated under a Right to Manage company, with current management costs of approximately £666 per flat, per annum.
Managing Agent
Day-to-day management is currently provided by Gateway Property Management, at an annual cost of approximately £560 per flat.
Lease Length
Each apartment is held on an exceptionally long lease of 999 years, with only 18 years elapsed, providing excellent long-term lease security.
Freehold Ownership
The freehold is owned by Stafford Chase, and the sale includes the benefit of control through the existing RTM structure.
IMPORTANT INFORMATION Potential purchasers will be responsible for arranging and meeting the cost of obtaining the individual management information packs for each apartment.
EPC Rating: All apartments are rated as a B or C
Local Council: South Norfolk District Council.
Council Tax Band: Every apartment is a band B
Services: Gas, Electricity, Drains & Water
IMPORTANT NOTICE Property Ladder, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Property Ladder have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. These published details should not be considered to be accurate and all information, including but not limited to lease details, boundary information and restrictive covenants have been provided by the sellers. Property Ladder have not physically seen the lease nor the deeds.
Key Features
- Entire block of six modern apartments
- All two-bedroom units
- Fully let and income producing
- Annual rental income: £67,740
- Yield of just over 7%
- Strong tenant demand area
- Located in popular Queens Hill development
- Excellent access to UEA and N&N Hospital
- Includes Right to Manage (RTM) company
- Rare opportunity to acquire a complete residential block
IMPORTANT NOTICE
Property Ladder, their clients and any joint agents give notice that:
1. They are not authorised to make or give any representations or warranties in relation to the property either here or elsewhere, either on their own behalf or on behalf of their client or otherwise. They assume no responsibility for any statement that may be made in these particulars. These particulars do not form part of any offer or contract and must not be relied upon as statements or representations of fact.
2. Any areas, measurements or distances are approximate. The text, photographs and plans are for guidance only and are not necessarily comprehensive. It should not be assumed that the property has all necessary planning, building regulation or other consents and Property Ladder have not tested any services, equipment or facilities. Purchasers must satisfy themselves by inspection or otherwise.
3. These published details should not be considered to be accurate and all information, including but not limited to lease details, boundary information and restrictive covenants have been provided by the sellers. Property Ladder have not physically seen the lease nor the deeds.
