A fantastic investment opportunity with a sitting tenant that has been at the property for multiple years.
With local properties achieving £1,200 - £1,250 per calendar month the potential yield is 5.45%.
TENURE
Leasehold
Unexpired Years: 948
Ground Rent Increase: TBC
Ground Rent Review Period: TBC
Annual Service Charge including Ground rent:£650
These details are to be confirmed by the vendor's solicitor and must be verified by a buyer's solicitor.
Agents Note: Where this property is subject to estate management, service, and/or ground rent charges, an administrative fee may be payable to the management company to transfer these charges into the buyer’s name upon completion.
Additional Information:
Materials used in construction: Brick
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Should a purchaser have an offer accepted on a property marketed by us, they will be required to complete an identification check in line with Anti Money Laundering Regulations. This is a legal requirement and is carried out via a specialist third-party provider. The cost is £60 inc. VAT per purchaser, payable in advance once an offer is agreed and prior to the sales memorandum being issued. This fee is non-refundable.