Residential Investment

A centrally located fully let student accommodation unit, we are advised that the apartment is currently generating a rental amount of £600 per calendar month (£7,200 per annum). It is being sold with an agreed new tenancy in place for the next academic year, benefiting from an increased income amount of £650 per calendar month (£7,800 per annum). The apartment has a fitted kitchen, featuring a dishwasher, cooker/oven, microwave and fridge freezer. The living area includes a sofa and coffee table. The sleeping area comes with a double bed, wardrobe unit, a work desk, and a chair. There is also a separate shower room with wash hand basin and WC. The apartment benefits from gas central heating (not tested), double glazing and is finished with Amtico flooring throughout the living area. The unit is fully managed by Student Digz (Swansea) along with the entire development.

Tenure

Leasehold. 999 years from 2006

Tenure

Leasehold. Term of lease - 999 years (less 20 days) from 18 September 2006

Tenancies

Currently let at £600 per calendar month (£7,200 per annum). Being sold with an agreed new tenancy in place for the next academic year, benefiting from an increased rental amount of £650 per calendar month (£7,800 per annum)- Please refer to legal pack.

Viewing Schedule

Via Auction House Wales. Please call 01633 212555.

Council Tax Band - B

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Swansea Council

Solicitors

Howells Solicitors, Fitzalan House, Ref: Howells Solicitors, Tel: 029 2040 4020

Additional Fees

Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £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.