1 bedroom retirement property for sale

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1 bedroom retirement property for sale

Flat 16 Castle View, Hockerill Street, Bishop's Stortford, Hertfordshire, CM23 2XR
£70,000

Our Summary

  • FOR SALE BY PUBLIC AUCTION ON WEDNESDAY 4TH DECEMBER AT 12PM NOON

Description

This property is a one-bedroom leasehold retirement flat located in Bishop's Stortford, offering stunning views over Castle Park/Sworders Field. The flat is currently rented on an annual assured shorthold tenancy for £9120 per annum, providing a yield of over 13% of the guide price. The property has 323 square feet of living space, including an entrance hall, living room, bedroom, kitchen, and shower room. The vendor is offering the property for sale by public auction on December 4th, with bidding available by telephone, proxy, and online. The property is subject to a 125-year lease, with 88 years remaining, and the annual service charge and ground rent is £3301.68. The occupiers must be 60 years of age or older.
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