Two bedroom ground floor apartment currently let at £1,350 pcm

A great buy to let investment opportunity is this modern two double bedroom ground floor apartment built in 2007 being sold as a tenanted investment. Currently let on an AST until August 2025. The annual income is £16,200 which offers just over a 10% yield for an investor. The property comprises an entrance hall, living room/dining room, kitchen, two double bedrooms and bathroom and benefits from an allocated parking space. There is also a long lease of with 137 years remaining. Torkildsen Way is a residential area less than one mile from Harlow town centre where there is a vast range of amenities and good transport links with direct trains into London.

Tenure

Leasehold. 155 years from January 2007

Accommodation

Entrance hall, living room/dining room, kitchen, two bedrooms and a bathroom

Leasehold Information

Term : 137 (years remaining) Annual ground rent amount : £262.57 Annual service charge amount : £1871.67

Council Tax Band

C

Energy Efficiency Rating (EPC)

Current Rating C

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Harlow District Council

Solicitors

Leathes Prior (The Close), Ref: Rachael Hughes, Tel: 01603 281004

Additional Fees

Buyer's Premium - £1800 inc VAT payable on exchange of contracts.

Administration Charge - £1200 inc VAT payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.