Property for sale
Property description & features
- Tenure: Commonhold
- Tenanted 2 bedroom apartment being sold as investment opportunity
- Current income at £9,300pa
- Modern apartment with parking spaces for two vehicles
- Total GIA: 501 sq ft
- EPC: Band C (73)
located within the popular residential development of
Archers Walk in Trent Vale. The apartment is being sold
with tenant in situ paying £775pcm until 6th October 2024.
The spacious apartment is neutrally decorated with a
modern fitted family bathroom, an en-suite bathroom off the
main bedroom and a large open plan kitchen lounge area. The
apartment benefits from UPVC double glazed windows, gas
fired central heating and secure intercom door entry system.
There is allocated off road parking for two vehicles, accessible
via the rear entrance of the property. The buyer cannot move
into the property and will be buying for the short – medium
term as an income providing investment with tenant in situ.
Trent Vale is an excellent investment location thanks to its close
proximity to the Royal Stoke University Hospital.
Location - Archers Walk is a located off Godwin Way directly behind
Springfields Retail Park on the A34 a short walk from Stoke on
Trent’s main hospital. Number 36 is located in the middle of the
block slightly off Godwin Way. Trent Vale is easily accessible
from the A500 and M6 motorway at junction 15.
Services - All main services are connected. No services have been tested
by the agents.
Vat - The sale price is not subject to VAT.
Tenancy Details - Number 36 (2 bed) is let to a private individual by way of a six
month STA which commenced on the 8th April 2024 at a
passing rent of £775 pcm
Tenure - Available by way of long leasehold, subject to contract and with
the benefit of the existing AST agreement.
The property is available by way of the assignment of a long
leasehold interest which commenced on 1
st January 2005 for a
term of 125 years and at a ground rent of £150 per annum.
There's also a service charge to cover the cost of managing the
block which it currently stands at £1,543.54 per annum.
Council Tax - The residential tenants are responsible for payment of any
council tax where applicable.
Stoke on Trent City Council Band B - £1,467.01pa (23/24).
Note: A single occupier may benefit from a 25% discount.
Accommodation - Lounge 16’ 9” X 11’ 5”
Kitchen 7’ 6” X 9’0”
Bathroom 5’ 2” X 6’ 2”
Bedroom 1 9’ 6” X 10’0”
Ensuite 4’0” X 13’ 1”
Bedroom 2 7’ 5” X 7’ 11”
Total NIA: 501 sq ft
Anti-Money Laundering Regulations - In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
Property information from this agent
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Property reference 33342743. 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 Rory Mack Associates - Holly House.
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Broadband availability and predicted speed: obtained from Ofcom on December 17, 2021
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on April 7, 2021 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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