This tenanted, modern 4th floor studio flat is sure to appeal to landlords and investors looking for an affordable buy to let in Wakefield city centre. Currently let, the property is generating £6,000 per annum which equates to a groos return of more than 12%. The flat has a favourable layout (see floorplan) that provides seperate living, sleeping and kitchen areas as well as a modern shower room. The development has a communal entrance to the ground floor and includes a lift providing access to all floors.
Lease: 125 years from 01/01/2006. Service charge £1,100 per annum and ground rent £267 per annum.
Accommodation
Fourth Floor Studio
Lounge, kitchen, bedroom and shower room
Additional Information
Council Tax
Wakefield Council - Tax band A
Tenure:
Leasehold
Service Charge
£1,100per annum
Length Of Lease
125 years from January 2006
Ground Rents
£267per annum
Disclaimer:
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges And Payments
In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.