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Alexander Court, Highbridge Quay... 2 bed ground floor flat for sale
Alexander Court, Highbridge Quay, Highbridge, TA9
£120,000
Alexander Court, Highbridge Quay, Highbridge, TA9
£120,000
Our Summary
- This property represents an outstanding investment opportunity, as it is being sold with a tenant in situ under an Assured Shorthold Tenancy (AST)
- No Planning Applications Registered
Description
This investment property is being sold with a tenant in situ, making it an attractive opportunity for those looking to expand their portfolio with a property that generates immediate rental income. The ground-floor flat is located in a purpose-built block on the banks of the River Brue, close to Highbridge town, which offers a range of amenities, including supermarkets, shops, and essential services. The property features a spacious reception room, kitchen, two bedrooms, and a bathroom, with a 'Juliet' style balcony offering views over the river. With a leasehold tenure and 130 years remaining, the property offers a stable investment opportunity, with a current rent of £600 per month and a market value rent of £750 per month, resulting in a net rental yield of 6.53%.