Property for sale

Virtual Freehold Block of Flats

01707 590146

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Property

3 bed

0 bath

215 sq ft / 20 sq m

Property description & features

Tenure: Leasehold (996 years remaining)
Ideal Buy to Let Investment
Block of Three Apartments
Close to Train Station
All refurbished to a very high standard
Currently achieving £34,680 per annum
6.30% Yield on Asking Price
Virtual Freehold

VIRTUAL FREEHOLD IDEAL BUY TO LET INVESTMENT CLOSE TO THE TRAIN STATION (entire block shown). Converted and refurbished to an extremely high standard in 2020 this partial block of three self-contained apartments would make an ideal buy to let investment due to their close proximity to Welwyn Garden City Town Centre, the business park and train station. All three apartments are let to professional individuals on Assured Shorthold Tenancies and are currently achieving a combined annual rent of £34,680 which is roughly a 6.30% return. NO ANNUAL MAINTENANCE CHARGE, PEPPERCORN GROUND RENT and 996 Year Lease.

Communal Entrance Hall
Via a video entry-phone system

Apartment One
Kitchen / Living Room: Double glazed window to front. Understairs storage cupboard. Door to:
Bedroom: Double glazed window to front. Door to:
En-Suite Shower Room.

Rent: £1,025.00 PCM

AST Expires: 20/09/2024

Apartment Two
Hall: Doors to:
Kitchen / Living Room: Double glazed window to front. Storage cupboard.
Bedroom: Double glazed window to front.
En-Suite Shower Room.

Rent: 9850.00 PCM

AST Expires: 17/01/2025

Apartment Three
Hall: Storage cupboard. Doors to:
Kitchen / Living Room: Double glazed window to front.
Bedroom: Double glazed window to front.
En-Suite Shower Room.

Rent: £915.00 PCM

AST Expires: 30/01/2025

Fixtures & Fittings

All flats have:

Fitted wardrobes and draws in bedrooms.
Kitchens are fitted and have integrated dishwasher, induction hobs, built in microwave, built in oven/grill and fridge/freezers.
Shower Rooms with corner shower cubicles, wash hand basins, low level W.C and extractor fan.
All flats gas have full wet underfloor heating, from gas fired combi boilers.
All windows are double glazed.
Oak floors, skirtings, architraves and doors throughout.
Full LED lighting.
Video Entry-phone System
All flats will be left with doubles beds, sofas, wall mounted dining tables and windows blinds.

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

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Places of interest

Raine and Co - Hatfield

11 Market Place Hatfield AL10 0LJ

01707 590146

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Started in 1991 by Paul and Elsa Raine the company has always strived to be at the forefront of the estate agency market with an emphasis on high levels of service, communication, honesty, friendliness and a reputation to be proud of. By making sure that they employ some of the best people with the same values and high levels of work ethics, Raine and co has ensured success in every field. In the property market location is the key and Raine and Co covers most of Hertfordshire from our modern, prominent offices located strategically to support each other in busy positions in Potters Bar and Hatfield. Over the years Raine and Co has successfully expanded into Residential Lettings, Property Management, Block Management, Land Sales, Development, New Homes, Property Investment, Financial Services, Commercial Sales, Commercial Lettings and International properties with their very own Raine International office located in Nueva Andalucia, Spain while always making sure that the same core values and high service levels are met and exceeded. The Directors of Raine and Co strongly believe that the profession should be regulated and as a result are members of The National Association of Estate Agents, The Association of Residential Letting Agents, The National Approved Letting Scheme and The Ombudsmen for Estate Agents. Raine and Co is a member of The Property Ombudsman Scheme and Client Money Protection Scheme.

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*DISCLAIMER

Property reference 10003696_RAIN. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Raine and Co - Hatfield.

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Broadband availability and predicted speed

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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 26, 2021

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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
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Energy Performance data and Internal floor area

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