2 bed Flat For Sale £145,000
To be sold by public auction at A date to be confirmed (unless sold previously).
Guide price: £135,000-£145,000
cash offers are invited prior to Auction for this well-situated, high yielding (7% approx p.a. Gross) investment opportunity, being a purpose-built one (formerly two) bedroom top (2nd) floor flat let on an Assured Shorthold Tenancy at £795 p.c.m. 'Kipling Buildings' is a mixed residential/commercial development occupying a prominent corner position at the junction of London Road and Kipling Road, a convenient main road location enjoying ready access to a wide range of public amenities. Positioned upon the building's north-west corner, Flat 12 itself benefits from replacement double-glazing, gas fired central heating, and a Juliet balcony. Originally affording two bedrooms (one now adapted as a dining room), it is presented in fair condition. The apartment is let currently to a single, long-term occupant holding an Assured Shorthold Tenancy at a rent of £795 p.c.m. Considered a lucrative and reasonably priced addition to an investment portfolio, full particulars of this opportunity are given as follows and enquiries are invited:
Entrance in Kipling Road via UPVC and obscure double-glazed main door, with security entry system, to:
Lobby
Stairs to upper floors.
Flat 12
entrance hall
Coved ceiling. Radiator.
Bathroom & W.C.
Suite comprising: Corner bath with mixer tap and shower attachment, semi-inset handbasin, and low flush w.c. Tiled walls. Two obscure-glass windows. Heated towel rail. 6 recessed ceiling spotlights. Two UPVC replacement obscure double-glazed windows.
Kitchen - 4.27m x 2.01m (14'0" x 6'7")
Fitted and equipped with: Base and wall cupboards, work surfaces with tiled surround, 1½ bowl single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring gas hob with extractor canopy. Plumbing for washing machine. 'Worcester' gas fired central heating and hot water boiler. Single panel radiator. UPVC replacement double-glazed window.
Dining room - 3.73m x 3m (12'3" x 9'10")
Being the original 2nd Bedroom. Coved ceiling. UPVC replacement double-glazed window to front elevation. Radiator with ornamental grille. Wood-laminate flooring. Wide, square opening to:
Dual-aspect living room - 4.67m x 4.01m (15'4" x 13'2")
Coved ceiling. UPVC replacement double-glazed window to front and side elevations. Wood-laminate flooring. Radiator with ornamental grille. Formerly with door from Entrance Hall (currently sealed). Pair of UPVC and double-glazed sliding patio doors to 'Juliet' balcony.
Bedroom - 4.7m x 3.48m (15'5" x 11'5")
UPVC replacement double-glazed window to front elevation. Wood-laminate flooring. Double panel radiator.
Outside
Dustbin store.
General information
tenure: 125 years leasehold from 25.4.1984 (87 years remaining).
Maintenance charge:
Ground rent: £75 per annum currently.
Council tax
Band 'A' - £1,254.90 p.a. (2022-23)
EPC 'E'
viewing
By appointment with auctioneers,
D. M. Nesbit & co.
(17530/034214)
Guide price: £135,000-£145,000
cash offers are invited prior to Auction for this well-situated, high yielding (7% approx p.a. Gross) investment opportunity, being a purpose-built one (formerly two) bedroom top (2nd) floor flat let on an Assured Shorthold Tenancy at £795 p.c.m. 'Kipling Buildings' is a mixed residential/commercial development occupying a prominent corner position at the junction of London Road and Kipling Road, a convenient main road location enjoying ready access to a wide range of public amenities. Positioned upon the building's north-west corner, Flat 12 itself benefits from replacement double-glazing, gas fired central heating, and a Juliet balcony. Originally affording two bedrooms (one now adapted as a dining room), it is presented in fair condition. The apartment is let currently to a single, long-term occupant holding an Assured Shorthold Tenancy at a rent of £795 p.c.m. Considered a lucrative and reasonably priced addition to an investment portfolio, full particulars of this opportunity are given as follows and enquiries are invited:
Entrance in Kipling Road via UPVC and obscure double-glazed main door, with security entry system, to:
Lobby
Stairs to upper floors.
Flat 12
entrance hall
Coved ceiling. Radiator.
Bathroom & W.C.
Suite comprising: Corner bath with mixer tap and shower attachment, semi-inset handbasin, and low flush w.c. Tiled walls. Two obscure-glass windows. Heated towel rail. 6 recessed ceiling spotlights. Two UPVC replacement obscure double-glazed windows.
Kitchen - 4.27m x 2.01m (14'0" x 6'7")
Fitted and equipped with: Base and wall cupboards, work surfaces with tiled surround, 1½ bowl single drainer stainless steel inset sink with mixer tap, electric oven, and 4-ring gas hob with extractor canopy. Plumbing for washing machine. 'Worcester' gas fired central heating and hot water boiler. Single panel radiator. UPVC replacement double-glazed window.
Dining room - 3.73m x 3m (12'3" x 9'10")
Being the original 2nd Bedroom. Coved ceiling. UPVC replacement double-glazed window to front elevation. Radiator with ornamental grille. Wood-laminate flooring. Wide, square opening to:
Dual-aspect living room - 4.67m x 4.01m (15'4" x 13'2")
Coved ceiling. UPVC replacement double-glazed window to front and side elevations. Wood-laminate flooring. Radiator with ornamental grille. Formerly with door from Entrance Hall (currently sealed). Pair of UPVC and double-glazed sliding patio doors to 'Juliet' balcony.
Bedroom - 4.7m x 3.48m (15'5" x 11'5")
UPVC replacement double-glazed window to front elevation. Wood-laminate flooring. Double panel radiator.
Outside
Dustbin store.
General information
tenure: 125 years leasehold from 25.4.1984 (87 years remaining).
Maintenance charge:
Ground rent: £75 per annum currently.
Council tax
Band 'A' - £1,254.90 p.a. (2022-23)
EPC 'E'
viewing
By appointment with auctioneers,
D. M. Nesbit & co.
(17530/034214)
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