1 bed Flat For Sale £95,000
Buy to let investors only – sold with tenants in situ
rental income – £650 pcm
gross yield – 8.21%
tenure – Leasehold
lease length – 110 years remaining
ground rent – £50 pa
service charge - £1092 pa
council tax band – A
EPC rating – C
A Buyer’s Reservation Fee may apply.
Our client has advised that there are 110 years remaining on the lease. The ground rent is £50 per annum and service charge £1092 p.a. The new tenants pay £650 per calendar month (£7,800 per annum) and have signed a 12 month contract. A potential gross rental yield of 8.21% is achievable based on guide price.
This 1 bedroom, first floor apartment would make an ideal investment opportunity, in our opinion. The property is well built and modern throughout, with one double bedroom, bathroom comprising of a sink, toilet, bath with overhead shower, spacious open plan lounge and fully fitted kitchen.
Further benefits include a balcony, electric heating, electric oven and hob with extractor fan and double glazing. Situated within GL1, the property is within walking distance to a number of local amenities, including shops, restaurants, transport links and health services and is offered 'chain free'.
Please note, there is no allocated parking with the flat.
1. Money laundering regulations - Intending purchasers are required to produce id documentation pursuant to The Anti Money Laundering Regulations 2007 and Proceeds of Crime Act 2002. We ask for your cooperation to ensure there will be no delay in the progression of the sale.
2. These conditions do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such, must not be considered accurate or precise.
4. Potential buyers are advised to recheck measurements before committing to a sale.
5. Ooa has not tested any apparatus, equipment, fixtures, fittings or services. It is, therefore, the buyer's responsibility to check the working condition of any appliances.
6. Ooa is not required to verify the legal title of the property. Buyers are therefore expected to obtain such documentation from their solicitor.
EPC Rating: C
Location
Spa Court 4 Spa Road Gloucester Gloucestershire GL1 1XA
rental income – £650 pcm
gross yield – 8.21%
tenure – Leasehold
lease length – 110 years remaining
ground rent – £50 pa
service charge - £1092 pa
council tax band – A
EPC rating – C
A Buyer’s Reservation Fee may apply.
Our client has advised that there are 110 years remaining on the lease. The ground rent is £50 per annum and service charge £1092 p.a. The new tenants pay £650 per calendar month (£7,800 per annum) and have signed a 12 month contract. A potential gross rental yield of 8.21% is achievable based on guide price.
This 1 bedroom, first floor apartment would make an ideal investment opportunity, in our opinion. The property is well built and modern throughout, with one double bedroom, bathroom comprising of a sink, toilet, bath with overhead shower, spacious open plan lounge and fully fitted kitchen.
Further benefits include a balcony, electric heating, electric oven and hob with extractor fan and double glazing. Situated within GL1, the property is within walking distance to a number of local amenities, including shops, restaurants, transport links and health services and is offered 'chain free'.
Please note, there is no allocated parking with the flat.
1. Money laundering regulations - Intending purchasers are required to produce id documentation pursuant to The Anti Money Laundering Regulations 2007 and Proceeds of Crime Act 2002. We ask for your cooperation to ensure there will be no delay in the progression of the sale.
2. These conditions do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such, must not be considered accurate or precise.
4. Potential buyers are advised to recheck measurements before committing to a sale.
5. Ooa has not tested any apparatus, equipment, fixtures, fittings or services. It is, therefore, the buyer's responsibility to check the working condition of any appliances.
6. Ooa is not required to verify the legal title of the property. Buyers are therefore expected to obtain such documentation from their solicitor.
EPC Rating: C
Location
Spa Court 4 Spa Road Gloucester Gloucestershire GL1 1XA
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