1 bedroom flat for sale

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1 bedroom flat for sale

Maritime House, Portland
£85,000

Our Summary

  • Cash Buyers Only | Tenant in Situ
  • *Due to the nature of the buildings construction, we advise that this property is only available to cash buyers only

Description

This self-contained studio apartment is situated on the second floor of Maritime House on the Isle of Portland, with lift access and a large double-glazed window allowing for plenty of natural light. The open-plan studio features a modern fitted kitchen with wooden LVT flooring, and a modern fitted shower room with a corner shower cubicle, low-level WC, and pedestal wash hand basin. The property is available for cash buyers only and is currently let on a fixed-term assured shorthold tenancy at £515 per month, offering a gross yield of over 7% per annum. The vendor has informed us that the property has a 140-year lease from 2020, with a service charge of around £550 per year, ground rent of £1 per year, and buildings insurance of £225 per year, plus council tax and utilities. The property is located in a pleasant community with nearby walks along the coast and a range of shops and eateries in Easton Square.
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