Studio Flat For Sale £119,000
New North Road, Exeter, EX4

Investment Opportunity. We are pleased to offer this studio flat in a convenient location. The property comprises of lounge/ bedroom/ kitchen area with white goods and a shower room. 

This apartment is being sold with the tenants in situ. The tenants are currently paying £695 per calendar month. This will provide you with a gross yield of 7%. 

The service charges are as follows

Ground rent £238.92 per annum

Service charge £145.99 per month

Length of lease: TBC

Rental yield after service charge and ground rent are deducted is 5.34%