This first floor two bedroom flat will be of particular interest to investment purchasers. The property is being sold with a tenant in situ on an assured shorthold tenancy and has occupied the flat for the last ten years. Currently producing £5940 pa (8.5% yield), with potential to be increased.
The property benefits from an allocated parking space and has gas central heating with combination boiler.
Please contact Sorbys to arrange a viewing with the agents and tenant.
Reception Hall -
Lounge - 4.88m x 3.18m (16'0\" x 10'5\") -
Kitchen - 3.10m x 2.11m (10'2\" x 6'11\") -
Bedroom One - 3.25m x 3.18m (10'8 x 10'5\") -
Bedroom Two - 2.67m x 2.06m (8'9\" x 6'9\") -
Bathroom -
Please Note: - The photographs shown were taken prior to the existing tenant taking possession of the property.
Lease - The property is leasehold. We are informed that the ground rent, buildings insurance and communal charges are in the region of £500 per annum. There is a 790 year lease, which commenced in 1974.