** SOLD AT AUCTION - £65,000** Tenanted investment opportunity. 2 bedroom, first floor flat with electric heating and double glazing. Leasehold with approximately 39 years remaining. Current rent payable £7,200 p.a. circa 13% yield.
ACCOMMODATION
FIRST FLOOR Kitchen: 11 ft 8 in max x 6 ft 8 in max Lounge: 15 ft 2 in x 11 ft 8 in Bedroom 1: 9 ft 10 in x 15 ft 7 in Bedroom 2:8 ft 8 in x 11 ft 9 in Bathroom:
OUTSIDE
Communal gardens. Parking: Communal parking.
SERVICES
Mains electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.)
EPC RATING - C
COUNCIL TAX BAND - A
TENURE
Leasehold subject to tenancy. Term: 99 years commencing 25/01/1964 Ground rent: £15 p.a. Ground rent review date: Please see Legal Pack for further information. Service Charge: £110 p.c.m. Service charge period: Please see Legal Pack for further information.
TENANCY
Assured Shorthold Tenancy. Term: 12 months from 25/03/2024 Rent payable: £600 p.c.m.
ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT) Please see the legal pack for any further costs.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - these fees are included in the above sales particulars.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.