1 bedroom retirement property

A second floor apartment situated in a purpose built development of retirement homes which caters for over 55's. The property is offered for sale with no forward chain and the accommodation comprises entrance hall, sitting room, south facing balcony, fitted kitchen, one bedroom and a shower room. additionally there is double glazing and electric heating with heaters installed in 2023. Within the building itself, there is a communal lounge and laundry room as well as communal gardens and a building manager. The property is currently let on a rolling contract for £800.00 pcm which provides a net yield of 10.73%.

ENTRANCE HALL:
Coving to textured ceiling. Storage cupboard. Airing cupboard. Doors to all rooms.

SITTING ROOM:
Double glazed window and double glazed door opening onto balcony. Coving to textured ceiling. Electric heater. Opening to:-

KITCHEN:
Double glazed window to side aspect. Coving to textured ceiling. Single drainer sink unit with mixer tap and cupboard under. A range of matching eye level and base mounted units with roll top work surface over. Integrated under counter fridge. Built-in oven with fitted four ring electric hob and extractor over.

BEDROOM:
Double glazed window to front aspect. Coving to textured ceiling. Electric heater. Fitted wardrobe with sliding mirrored doors.

SHOWER ROOM:
Coving to textured ceiling with recessed lighting. Extractor. Tiled shower cubicle, pedestal wash basin and low level flush w.c. Heated towel rail.

TENURE
Leasehold. Remaining Lease Term: 60 Years.
The apartment will be sold with an extended lease of 149 years, being arranged by the current owner.
Maintenance/Service Charge: £3,161.00 pa from January 2025.
Ground Rent: peppercorn.

COUNCIL TAX
Southampton City Council
BAND: A
CHARGE: £1,438.00
YEAR: 2024/2025


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