Property Description

An excellent opportunity for any investor/landlord alike to acquire a first-floor apartment being sold with long term tenant in-situ, producing a rental income of £425 per calendar month (£5,100 per annum). Based on the guide price the income represent a 9.1% return. Superb high yield residential investment opportunity. Located in the heart of the old village of Balderton close to local amenities including shops, schools, pubs and takeaways with good local transport links to Newark and beyond. The accommodation comprises a living room, breakfast kitchen, bedroom and bathroom with shower. Benefiting from gas central heating and double glazing with off-road car parking allocated to the rear. The property is accessed via the ground floor entrance doorway with inset single glazed panel into the shared entrance hallway with staircase rise off to first floor landing, wall mounted electricity meter cupboard and RCD Consumer Unit. The first floor landing with pendant light fitting gives access via the secure entrance door to the accommodation. Lease term: 120 years from 1 October 1987 Ground rent: £20 per annum

Outside

There is access down one side of the property via the block paved pathway to the allocated parking area to the rear with bin storage.

Tenure

Leasehold

---