2 bed Flat For Sale £149,950
34c Lloyd Close Cheltenham GL51 7SZ

A smart, modern, two bedroom apartment located in a popular residential area, close to local amenities and within easy reach of Cheltenham town centre and the M5 Motorway to the North and South. The property is accessed via a communal entrance hallway with stairs to the upper floors. The property is located on the second floor with a private entrance opening onto an entrance hallway with doors off to the living room, bedrooms one and two and the family bathroom. The living room is a spacious room with ample space for a dining table and conveniently the kitchen is located just off. With a range of wall and base units, a fitted oven and hob and space for the washing machine and fridge the kitchen is well appointed and has everything one would need. The first bedroom is a nicely proportioned double while the second is slightly smaller but still a good size. The family bathroom completes the accommodation and boasts a white suite with bath and shower over. 

The property is presented in excellent order throughout having been well maintained by the current tenants. The owner has been so pleased with the way the tenancy has been conducted since the tenants took occupancy in 2012 that he is ideally seeking an investor landlord prepared to purchase the property with the tenants in situ. The tenancy is currently a periodic tenancy with an annual gross rental income of £8640 per annum giving an excellent yield of 5.57%.

The property is offered for sale LEASEHOLD and CHAIN FREE. Viewing is by appointment only.

Cheltenham Borough Council Tax Band - B

Tenure – Leasehold 999 years from 1st January 2001

Service Charge – approximately £65.00 per calendar month  

Ground Rent - approximately £80.00 per annum

Managing Agent – The Quadrangle (Cheltenham) Management Company Limited

Services

We have been advised that mains electricity, gas, water and sewerage are connected to the property. This information has not been checked with the respective service providers and interested parties may wish to make their own enquiries with the relevant local authority. No statement relating to services or appliances should be taken to infer that such items are in satisfactory working order and intending occupiers are advised to satisfy themselves where necessary.

General

Intending purchasers will be required to produce identification documentation and proof of funding in order to comply with The Money Laundering, Terrorist Financing and Transfer of Funds Regulations 2017. More information can be made available upon request.

Newcombe Residential Limited have made every effort to ensure that measurements and particulars are accurate. However, prospective purchasers must satisfy themselves by inspection or otherwise as to the accuracy of the information provided. No information with regard to planning use, structural integrity, tenure, availability/operation, business rates, services or appliances has been formerly verified and therefore prospective purchasers/tenants are requested to seek validation of all such matters prior to submitting a formal or informal intention to purchase the property or enter into any contract.