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Tenanted investment opportunity. 1 bedroom first floor flat requiring redecoration. Located in a popular residential area. Leasehold with 49 years remaining and current rent payable £8,100 p.a. circa 10% Yield.
ACCOMMODATION
FIRST FLOOR Hallway: Lounge: 15 ft 10 in x 12 ft 9 in Kitchen: 13 ft 1 in x 6 ft 2 in Bedroom: 14 ft 5 in x 9 ft 2 in Bathroom:
OUTSIDE
Front: Paved area.
SERVICES AND HEATING
Mains gas, electricity, water and sewage are supplied to the property. (No tests have been carried out and we are therefore unable to confirm connections.) Gas central heating.
EPC RATING - to be confirmed
COUNCIL TAX BAND - A
TENURE
Leasehold subject to tenancy. Term: 99 years from 1/3/1975 Ground rent: To be confirmed Service Charge: To be confirmed
TENANCY
Assured Shorthold Tenancy Term: 12 months from 04/03/2023 to 03/02/2024, now rolling. Rent Payable: £675 p.c.m.
ADDITIONAL COSTS
Administration Fee: £1,200 (£1,000 plus VAT) Buyer's 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.