Studio

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Studio

Portland, Dorset DT5
£88,950

Our Summary

  • Investor opportunity 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 is an investor opportunity to purchase a one bedroom studio apartment with parking space, located close to Portland Bill. The property has an open plan lounge, kitchen, and sleeping area, with a current EPC rating of D and Council tax band A. The kitchen features work surfaces, wall and base kitchen cabinets, and a stainless steel sink and drainer, while the lounge area is open plan into the bedroom and has glazed windows with distant sea views. The bedroom has front aspect glazed windows and built-in wardrobes, and the shower room has a shower cubicle, wash hand basin, and low level WC. The property also has ample parking available, as well as permission for holiday letting and residential letting. The property is located on a unique, tied island that marks the southernmost point on the Jurassic Coast, and is joined to the mainland by Chesil Beach, offering a quaint and isolated location with rocky coastal scenery and proximity to shops, pubs, and restaurants in Weymouth. The vendor has informed us that the property has a 125-year lease from 2003, and the annual service charge is approximately £550, ground rent is £1 per year, and buildings insurance is £225 per year, plus Council Tax and utilities.
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