3 bed Flat For Sale £195,000
***income producing investment property*** ***first floor apartment*** ***newly refurbished to high specification*** ***let to 3 students*** ***annual gross income £17,280*** ***location location location***
stunning - gorgeous - tasteful - modern. This absolutely must-see apartment offers an excellent future-proofed investment purchase. An AST is in place for 3 students from 8/7/21 to 7/7/22 with an annual gross income of £17,280.
Located in the heart of Lancaster city centre opposite the bus station with a direct bus to Lancaster University, two minutes from Sainsbury's supermarket and all the amenities Lancaster offers, this property is perfectly positioned.
There's no doubt that when the property is re-marketed for the 2022/2023 academic year, that it will one of the first to go!
The accommodation comprises an entrance hallway, open plan lounge/kitchen/diner, shower room, store cupboard and three double bedrooms.
You can't miss out on this excellent investment property!
***full 360 video tour available***
Hall
Carpeted flooring, wall thermostat, intercom.
Store
Handy storage space.
Open Plan Lounge/Kitchen/Diner (4.96m x 4.87m (16'3" x 16'0"))
A range of matt grey and white wall and base units, under cabinet lighting, composite sink and drainer, tiled splashback, built-in tall fridge freezer, integrated dishwasher, integrated microwave, vinyl flooring, ceramic four ring hob, hood extractor, integrated electric oven and grill, storage cupboard housing meters.
Lounge/Diner: Sash window with the addition of secondary glazing. Radiator, space for table and four chairs, radiator, carpeted flooring.
Mains wired smoke detectors.
Bedroom 1 (2.37m x 4.68m (7'9" x 15'4"))
Sash window with the addition of secondary glazing, radiator, data point, carpeted flooring, TV point.
Bedroom 2 (2.37m x 4.94m (7'9" x 16'2"))
Sash window with the addition of secondary glazing, radiator, data point, carpeted flooring, TV point.
Bedroom 3 (2.37m x 4.94m (7'9" x 16'2"))
Sash window with the addition of secondary glazing, radiator, data point, carpeted flooring, TV point.
Shower Room/Utility (1.42m x 2.09m (4'8" x 6'10"))
Step in double shower, electric shower with glass screen, WC, washbasin, plumbing for washing machine and dryer, vinyl flooring, extractor fan, tiled splashbacks.
Heating
The building has a communal gas boiler that supplies hot water to the property for the heating, this is located outside the demise of the property. As there is no gas in the property the freeholder is responsible for maintaining the boiler and gas supply.
Investment Information
The tenancy is for 52 weeks, the first 8 weeks are charged at half rent (£60pppw) followed by 44 weeks at full rent (£120pppw). This equates to 48 weeks at full rent which is £5,760/tenant and £17,280 overall. So the gross monthly rent works out at £1,440.
The property is currently fully furnished with brand new furniture, that's included in the sale.
Useful Information
The property has mains wired smoke detectors in every room and CAT6 data cabling to each bedroom and the living room.
Leasehold Information
Ground Rent: £10.00 Per annum
Service charge: Approx £80/90 Per month
Lease: 110 years
Listed Status
The building is Grade 2 listed.
stunning - gorgeous - tasteful - modern. This absolutely must-see apartment offers an excellent future-proofed investment purchase. An AST is in place for 3 students from 8/7/21 to 7/7/22 with an annual gross income of £17,280.
Located in the heart of Lancaster city centre opposite the bus station with a direct bus to Lancaster University, two minutes from Sainsbury's supermarket and all the amenities Lancaster offers, this property is perfectly positioned.
There's no doubt that when the property is re-marketed for the 2022/2023 academic year, that it will one of the first to go!
The accommodation comprises an entrance hallway, open plan lounge/kitchen/diner, shower room, store cupboard and three double bedrooms.
You can't miss out on this excellent investment property!
***full 360 video tour available***
Hall
Carpeted flooring, wall thermostat, intercom.
Store
Handy storage space.
Open Plan Lounge/Kitchen/Diner (4.96m x 4.87m (16'3" x 16'0"))
A range of matt grey and white wall and base units, under cabinet lighting, composite sink and drainer, tiled splashback, built-in tall fridge freezer, integrated dishwasher, integrated microwave, vinyl flooring, ceramic four ring hob, hood extractor, integrated electric oven and grill, storage cupboard housing meters.
Lounge/Diner: Sash window with the addition of secondary glazing. Radiator, space for table and four chairs, radiator, carpeted flooring.
Mains wired smoke detectors.
Bedroom 1 (2.37m x 4.68m (7'9" x 15'4"))
Sash window with the addition of secondary glazing, radiator, data point, carpeted flooring, TV point.
Bedroom 2 (2.37m x 4.94m (7'9" x 16'2"))
Sash window with the addition of secondary glazing, radiator, data point, carpeted flooring, TV point.
Bedroom 3 (2.37m x 4.94m (7'9" x 16'2"))
Sash window with the addition of secondary glazing, radiator, data point, carpeted flooring, TV point.
Shower Room/Utility (1.42m x 2.09m (4'8" x 6'10"))
Step in double shower, electric shower with glass screen, WC, washbasin, plumbing for washing machine and dryer, vinyl flooring, extractor fan, tiled splashbacks.
Heating
The building has a communal gas boiler that supplies hot water to the property for the heating, this is located outside the demise of the property. As there is no gas in the property the freeholder is responsible for maintaining the boiler and gas supply.
Investment Information
The tenancy is for 52 weeks, the first 8 weeks are charged at half rent (£60pppw) followed by 44 weeks at full rent (£120pppw). This equates to 48 weeks at full rent which is £5,760/tenant and £17,280 overall. So the gross monthly rent works out at £1,440.
The property is currently fully furnished with brand new furniture, that's included in the sale.
Useful Information
The property has mains wired smoke detectors in every room and CAT6 data cabling to each bedroom and the living room.
Leasehold Information
Ground Rent: £10.00 Per annum
Service charge: Approx £80/90 Per month
Lease: 110 years
Listed Status
The building is Grade 2 listed.
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