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Block of apartments for sale
Forest Road, Effingham Junction
£699,000
Forest Road, Effingham Junction
£699,000
Our Summary
- *** 3 FLAT INVESTMENT OPPORTUNITY***We are delighted to offer for sale these 3 fully modernised residential apartments, all Let on Assured Shorthold Tenancies with new 125 years leases
- Located above Mortiboys Dental Spa we are pleased to offer these 3 stunning modern apartments for sale as an investment opportunity
- 38 Ground Rent: PeppercornThe vendors of this investment opportunity hold the Freehold for the whole building which includes the Dental Spa to the ground floor and a further 2 room office with bathroom facilities to the second floor in all occupying over 3,000 sq ft along with outside spaces & customer car parking, for which a broader discussion in relation to the whole building may be considered
Description
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Here is a summary of the property description in a single paragraph:
This is a unique investment opportunity to purchase three fully modernized residential apartments, all let on Assured Shorthold Tenancies with new 125-year leases, located above Mortiboys Dental Spa in Effingham Junction. The apartments, each with a private terrace and allocated parking, are let for £1,150-£1,033 per month, generating a gross annual income of £13,800-£12,396. The freehold is held by the vendors, who may consider selling the entire property, including the dental spa and office space on the second floor, for a price guide of £1,600,000. The apartments have been fully modernized and are situated in a sought-after area with easy access to Effingham Junction station and local amenities. Viewings are strictly by appointment.