2 bed Flat For Sale £115,000
A modern ground floor and two bedroom en-suite apartment, located just off Bridgwater's Town Centre.
Offered for sale with no onward chain, the property has a gas central heating system, is fully double glazed and has a nice open plan kitchen/dining/living space with two windows to the front aspect.
Beyond the reception space is the main bathroom and the two bedrooms, with an en suite shower room to bedroom one.
The property is decorated to neutral colours throughout and currently tenanted, achieving £625 per calendar month.
There is a lease length of 999 years which started in August 2007. There is a service charge of £633.50 due every 6 months, or the option to to pay £105.58 per month. Each year any budget surplus is returned to the property owners, this is a legal requirement.
In terms of ground rent there is an option for a £50 ground rent to be taken, but as the flat owners are also the freeholders for the building this has never been imposed.
The flat owners of Kings Court are leaseholders of their flats but also own the freehold for Kings Court (16 flats each have equal share in owning the freehold of the building).
The owners of the properties in this block formed a rtm (Right to Manage) company and are responsible for the maintenance of the building and all communal areas. There is a management company, Blenheims, who take care of the day to day maintenance, collection of service charges, and all administration.
Five of the owners who are currently standing as Directors of the rtm get involved in decision making, budget planning and issue resolution.
There is the option for any owners to be voted in as a director should they so wish to be involved and all service charges from all owners are fully paid and up to date. Pets are allowed.
Ground Floor
Kitchen/Dining/Living (15' 5'' x 17' 7'' (4.71m x 5.36m))
Bedroom One (11' 6'' x 8' 6'' (3.51m x 2.59m))
En Suite (7' 0'' x 4' 6'' (2.14m x 1.37m) maximum measurements)
Bedroom Two (8' 8'' x 12' 3'' (2.65m x 3.74m))
Bathroom (6' 10'' x 6' 3'' (2.09m x 1.90m))
Offered for sale with no onward chain, the property has a gas central heating system, is fully double glazed and has a nice open plan kitchen/dining/living space with two windows to the front aspect.
Beyond the reception space is the main bathroom and the two bedrooms, with an en suite shower room to bedroom one.
The property is decorated to neutral colours throughout and currently tenanted, achieving £625 per calendar month.
There is a lease length of 999 years which started in August 2007. There is a service charge of £633.50 due every 6 months, or the option to to pay £105.58 per month. Each year any budget surplus is returned to the property owners, this is a legal requirement.
In terms of ground rent there is an option for a £50 ground rent to be taken, but as the flat owners are also the freeholders for the building this has never been imposed.
The flat owners of Kings Court are leaseholders of their flats but also own the freehold for Kings Court (16 flats each have equal share in owning the freehold of the building).
The owners of the properties in this block formed a rtm (Right to Manage) company and are responsible for the maintenance of the building and all communal areas. There is a management company, Blenheims, who take care of the day to day maintenance, collection of service charges, and all administration.
Five of the owners who are currently standing as Directors of the rtm get involved in decision making, budget planning and issue resolution.
There is the option for any owners to be voted in as a director should they so wish to be involved and all service charges from all owners are fully paid and up to date. Pets are allowed.
Ground Floor
Kitchen/Dining/Living (15' 5'' x 17' 7'' (4.71m x 5.36m))
Bedroom One (11' 6'' x 8' 6'' (3.51m x 2.59m))
En Suite (7' 0'' x 4' 6'' (2.14m x 1.37m) maximum measurements)
Bedroom Two (8' 8'' x 12' 3'' (2.65m x 3.74m))
Bathroom (6' 10'' x 6' 3'' (2.09m x 1.90m))
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