Studio Flat For Sale £45,000
Investment property - A ground-floor studio apartment, situated within a purpose-built two-storey block of eight similar dwellings. The apartment comes with a tenant in situ with a monthly rental of £375 per calendar month, equating to a good return of £4,500 per annum which equates to a gross yield of 10%.
The property offers easily-managed and affordable accommodation with good investment return. The accommodation is approached via a communal entrance hall, and comprises; living room/bedroom, dressing area, kitchen and shower room.
Outside, there is ample communal parking and use of the communal gardens.
Location
Alvaston is a popular residential suburb of Derby located about 4 miles south east of Derby City centre. It offers a full range of local amenities including shops, supermarket, petrol station, Post office, a regular bus service and a good range of schooling at all levels.
The property is located within easy access of two of the main Rolls-Royce sites and has good road access to the A38, A50 and in turn, the main motorway networks.
A noted place of interest nearby is Elvaston Castle country park with its delightful gardens and country walks.
The Accommodation
Ground Floor
Communal Entrance
Studio Flat
A delightful ground floor studio flat with tenant in situ.
The lounge/bedroom has an integrated bed and is presented in modern, neutral colours.
It has a kitchen with a mixture of wall and base units.
The property has a good-sized storage cupboard.
The shower room is made up of toilet, sink and walk in shower.
Leasehold
Please Note: The lease on this property is 120 years which commenced 30th June 1982. The Ground Rent is £40.20 per annum (paid 6 monthly).
The property offers easily-managed and affordable accommodation with good investment return. The accommodation is approached via a communal entrance hall, and comprises; living room/bedroom, dressing area, kitchen and shower room.
Outside, there is ample communal parking and use of the communal gardens.
Location
Alvaston is a popular residential suburb of Derby located about 4 miles south east of Derby City centre. It offers a full range of local amenities including shops, supermarket, petrol station, Post office, a regular bus service and a good range of schooling at all levels.
The property is located within easy access of two of the main Rolls-Royce sites and has good road access to the A38, A50 and in turn, the main motorway networks.
A noted place of interest nearby is Elvaston Castle country park with its delightful gardens and country walks.
The Accommodation
Ground Floor
Communal Entrance
Studio Flat
A delightful ground floor studio flat with tenant in situ.
The lounge/bedroom has an integrated bed and is presented in modern, neutral colours.
It has a kitchen with a mixture of wall and base units.
The property has a good-sized storage cupboard.
The shower room is made up of toilet, sink and walk in shower.
Leasehold
Please Note: The lease on this property is 120 years which commenced 30th June 1982. The Ground Rent is £40.20 per annum (paid 6 monthly).
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