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2 bed flat
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Our Summary
- TENANTED INVESTMENT OPPORTUNITY Very well presented two double bedroom ground floor apartment with transport links to the city centre (only 20 minute walk)
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Description
This is a tenanted investment opportunity featuring a well-presented two double bedroom ground floor apartment with easy access to the city centre, just a 20-minute walk away. The property boasts a spacious entrance hallway, open plan lounge and kitchen with modern appliances, two large bedrooms, and a modern shower room. Additional features include secure parking behind electric gates, ample on-street visitor parking, and a garage and allocated parking space.
The property is currently tenanted until July 2025 with a rent of £950 per month, offering an estimated gross yield of 8.4%. The apartment is leasehold with 999 years remaining since 2005, and the annual service charge and ground rent are £2350 and £150, respectively. The property has undergone various works in the last five years, including a new roof, refurbished lift, new intercom and CCTV systems, and newly decorated and carpeted communal areas.