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A Second Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £14,340 Per Annum (Reflecting a Gross Initial Yield of 15%)
The property comprises a second floor one bedroom flat situated within a mixed use parade arranging over ground and two upper floors.
Tenure
Leasehold. The property is held on a 99 year lease from 1st January 2016 (thus approximately 89 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Meadowbank Park are within easy reach. Transport links are provided by Dorking West rail station.
Accommodation
Second Floor Reception Room with Open-Plan Kitchen Bedroom Bathroom
Tenancy
The property is subject to an Assured Shorthold Tenancy for a term of 2 years commencing 10th July 2025 at a rent of £1,195 per calendar month.
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.
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 - 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.