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Tenanted, 2 bedroom first floor apartment with balcony and allocated parking space. Leasehold with 135 years remaining. Well presented with open plan kitchen/lounge area, plus 2 bathrooms. Current rent payable £12,240 p.a. circa 16% yield. Ideal investment opportunity.
ACCOMMODATION
FIRST FLOOR Hallway: Lounge area with balcony:12 ft 2 in x 11 ft 8 in Kitchen: 8 ft 10 in x 6 ft 4 in Bedroom 1 plus ensuite: 11 ft 9 in x 9 ft 11 in Bedroom: 9 ft 10 in x 7 ft 11 in Bathroom:
OUTSIDE
Allocated parking space
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 central heating.
EPC RATING - C
COUNCIL TAX BAND - B
TENURE
Leasehold subject to tenancy. Term: 155 years from 01/11/2005 Ground rent: £180 p.a. Service Charge: £1789 p.a. Service charge period: 01/07/2023-30/06/2024
TENANCY
Assured Shorthold Tenancy. Term: 6 months commencing 15/02/2025 Rent: £1,020 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
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.