2 bedroom flat for sale

This first-floor flat, located in Arnold, is being sold as a fantastic investment opportunity with a sitting tenant already in place. Please note that due to a defective lease and the freeholder being untraceable, the property is available to CASH BUYERS ONLY.

The flat offers spacious accommodation with two double bedrooms, making it a desirable choice for tenants. The entrance hall includes a convenient storage cupboard, while the lounge features an electric fire, creating a cosy atmosphere. The kitchen is equipped with a range of units, offering ample storage and workspace.

The bathroom includes a white suite, with a shower off the mixer taps for added convenience. Benefiting from combination gas central heating and UPVC double glazing, the property ensures warmth and energy efficiency.

Externally, the property has a garage situated beneath the flat, ideal for additional storage or parking. There is also access to a communal garden at the rear, providing outdoor space for the tenant.

Currently rented with the rent increasing to £650 pcm from October 2024, the property offers a gross yield of 8.66%, making it an attractive investment for those looking for a reliable income stream.

First Floor -

Hall - 2.92m x 1.04m (9'7 x 3'5) -

Lounge - 4.27m x 2.97m (14' x 9'9) -

Kitchen - 3.00m x 2.03m (9'10 x 6'8) -

Bedroom One - 3.81m x 2.69m (12'6 x 8'10) -

Bedroom Two - 2.69m x 2.36m (8'10 x 7'9) -

Bathroom - 1.73m x 1.50m (5'8 x 4'11) -

Leasehold Information - Length of Lease remaining: 949 years
Ground Rent £10 per annum
Service Charge £0

Please note that this is a defective lease as the freeholder cannot be traced and the property is being sold to cash buyers only

Council Tax Band Rating - Gedling Borough Council - Band A
This information was obtained through the directgov website. ­­David James offer no guarantee as to the accuracy of this information.

Disclaimers - These particulars are produced in good faith, are set out as a general guide only and do not constitute any part of a contract. No person in the employment of David James Estate Agents Ltd has any authority to make any representation whatsoever in relation to the property. All services, together with electrical fittings or fitted appliances have NOT been tested.

All the measurements given in the details are approximate. Floor plans are for illustrative purposes only and are not drawn to scale. The position and size of doors, windows, appliances and other features are approximate only. The photographs of this property have been taken with a Giraffe360 camera. No responsibility can be accepted for any loss or expense incurred in viewing. If you have a property to sell you may wish to take advantage of our free valuation service.

David James Estate Agents have established professional relationships with third-party suppliers for the provision of services to Clients. As remuneration for this professional relationship, the agent receives referral commission from the third-party company. David James Estate Agents receives the following commission from each third party supplier on a per referral basis:

W A Barnes Ltd: £60 including VAT.
All Moves UK Ltd: 18% including VAT of the invoice total (£107 including VAT average).
MoveWithUs Limited: £188 including VAT (average).