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Tenanted investment opportunity. Ground floor 2 bedroom maisonette with garden to the rear plus garage located within a block. Located in a popular residential area. Leasehold with 40 years remaining. Current rent payable £10,200 p.a. circa 14% yield.
ACCOMMODATION
GROUND FLOOR Hallway: Kitchen: 8 ft 10 in x 7 ft 5 in Lounge: 14 ft 6 in x 11 ft 4 in Shower room: Bedroom 1: 11 ft 11 in x 11 ft 4 in Bedroom 2: 8 ft 6 in x 7 ft 6 in
OUTSIDE
Garden to the rear with store plus garage located in a block. On street parking.
SERVICES AND HEATING
Mains electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.) Electric heating.
EPC RATING - D
COUNCIL TAX BANDING - A
TENURE
Leasehold with vacant possession. Term: 99 years commencing 01/01/1966 Ground rent: £24 p.a. Ground rent review date: to be confirmed. Garage rent: £146.72 per quarter
TENANCY
Assured Shorthold Tenancy Term: 12 months from 01/06/2024 Rent payable: £850 p.c.m
ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT) Buyers premium: £1,440 (£1,200 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
Buyer's Premium - £1440 inc VAT payable on exchange of contracts.
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.