1 bedroom apartment for sale
Key information
Features and description
- Tenure: Leasehold
- Tenant in Situ until Feb 2025
- Current Tenant Paying £550pcm
- Potential Gross Yield 9.6%
- One Bedroom Apartment
- Good Condition
- Desirable Location
This property is being sold with a tenant in situ, offering an assured short hold tenancy agreement until 19th February 2025. The current tenant is paying £550pcm with a view to potentially taking the rent to £600pcm (market dependant). If purchasing at the asking price and the rent being £600pcm this would give a gross yield of 9.6% annually.
EPC GRADE - C
IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS: We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.
SHE240046/2
Rooms
Entrance Hall
Storage cupboard, and laminate flooring.
Kitchen/Living Room 6.4m x 2.8m (21' 0" x 9' 2")
Dual aspect double glazed windows to front and rear. The kitchen area comprises of fitted wall and base units incorporating a single sink bowl unit, hob, oven, overhead extractor hood, washing machine and fridge freezer. The living room area has a radiator and carpet.
Bedroom 4m x 2.8m (13' 1" x 9' 2")
Double glazed window to rear, radiator and carpet.
Bathroom 2.16m x 1.83m (7' 1" x 6' 0")
Double glazed window to rear, panelled bath with shower over, pedestal wash hand basin, lower level W.C, radiator and part tiled.
Tenure
Leasehold - (12.05.2008) Short particulars of the lease(s) (or under-lease(s))
under which the land is held:
Date : 2 October 2007
Term : 999 years from 1 January 2005
Parties : (1) Morris Homes (North) Limited
Ground Rent - £1 per annum
Service Charge - £1669 per annum
Investment Opportunity
This property is being sold with a tenant in situ, offering an assured short hold tenancy agreement until 19th February 2025. The current tenant is paying £550pcm with a view to potentially taking the rent to £600pcm (market dependant). If purchasing at the asking price and the rent being £600pcm this would give a gross yield of 9.6% annually.
Agents Note
To be able to purchase a property in the United Kingdom all agents have a legal requirement to conduct Identity checks on all customers involved in the transaction to fulfil their obligations under Anti Money Laundering regulations. We outsource this check to a third party and a charge will apply. Ask the branch for further details.
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