A First and Second Floor Two Bedroom Split-Level Maisonette Subject to an Assured Shorthold Tenancy Producing £12,300 Per Annum (Reflecting a Gross Initial Yield of 20.5%)

The property comprises a first and second floor two bedroom split-level maisonette situated within an end of terrace building arranged over ground and two upper floors.

Tenure

Leasehold. The property is held on a 150 year lease from 25th December 2023 (thus approximately 150 years unexpired).

Location

The property is situated on a residential road close to local shops and amenities. The open spaces of Kendal Park are within easy reach. Transport links are provided by Rayleigh rail station.

Accommodation

First Floor Reception Room with Open-Plan Kitchen Bathroom Second Floor Two Bedrooms

Exterior

The property benefits from a private balcony.

Tenancy

The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 23rd January 2024 at a rent of £1,025 per calendar month.

Current Rent Reserved

Current Rent Reserved £12,300 per annum

Energy Efficiency Rating (EPC)

Current Rating E

Services

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

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

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