This apartment makes a perfect investment opportunity, with a tenant in place currently until May 2022 if you are looking for a property for buy-to-let this really makes an ideal purchase. The current rental achieved is £725pcm (5.1% yield), with £93 per month service charges and £0 ground rent (peppercorn). The lease was 999 years from 1980 (986 years remaining).
The accommodation comprises a communal hallway which leads to the upper floors. This property is located on the top floor, with a door from the communal hallway opening into a spacious hallway. From here there is a spacious living room, with the kitchen that leads from here. Well-equipped with a range of fitted cupboards and work surfaces, inset sink/drainer, built-in electric oven and hob with extractor over, and there is space and plumbing for a washing machine too.
There are two good-sized bedrooms and a family bathroom comprising a three-piece suite with a shower over the bath.
Externally there is a communal parking area where we understand there is one allocated parking space.
LEASEINFORMATION We understand from the seller the following lease and service charge information:
Lease: 999 years from 1980 (958 years left)
Service Charge: £93 per month (£1116 per annum)
Ground Rent - £0 (peppercorn)
AGENTSNOTE Please note, in respect of the current tenants, the marketing photographs shown are from before their tenancy start date and thus provide a general representation of the property only, and should only be relied upon for this purpose.