Property Description

A great investment opportunity. This first floor two bedroom period apartment is set in a Victorian building and was previously rented out as a three bedroom HMO and we are informed by the vendors a rent of £1,350 per calendar month was being achieved which represents an annual income of £16,200 which again we are informed could be increased to £18,000 if let out again on the same basis. An investment with a potential yield in the region of 17%. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Note:

Please be advised that the seller has provided the photographs and the auctioneers have not personally inspected the property. Prospective buyers are advised to make a viewing enquiry and any other necessary independent enquiries before placing their bid, as this will be binding.

Leasehold

Length of lease: 125 years from 24 June 1988 Current ground rent: TBC Ground rent review period: TBC Current service charge: TBC Service charge review period: TBC This information should be clarified in the legal pack and we’ll update the information above when we receive it.

Accomodation

Living Room/bedroom three 14ft10 x 10ft10<br>Kitchen 10ft8 x 10ft3 (3.25m x 3.12m)<br>Bedroom one 14ft10 x 9ft8 (4.52m x 2.95m)<br>Bedroom two 15ft x 6ft8 (4.57m x 2.03m)<br>Bathroom 10ft8 x 5ft5 (3.25m x 1.65m)

Please note:

We have been advised by the vendor that the lease was extended in 2016, adding a further 90 years to the leasehold. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure

Leasehold

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