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Flat 701 Signal Building, Station... 1 bed flat for sale
Flat 701 Signal Building, Station Approach, Hayes, Middlesex, UB3 4FG
£180,000
Flat 701 Signal Building, Station Approach, Hayes, Middlesex, UB3 4FG
£180,000
Our Summary
- Guide Price = £180,000+*For Sale By Online PublicAuction 6th August 2025 10:00 AM
Description
This seventh-floor one-bedroom flat is located in a residential area, close to local shops and amenities, and within walking distance to Minet Country Park. The property is held on a 99-year lease from 2007, with approximately 81 years remaining. The flat is situated in a purpose-built building and features a private balcony. It is currently let under an Assured Shorthold Tenancy at £1,950 per month, producing an annual income of £23,400, reflecting a gross initial yield of 13%. The property is being sold by online public auction on August 6, 2025, and potential buyers are advised to download the legal pack from the auctioneer's website to inspect the legal documents. It's worth noting that as the lease is short, the buyer will need to consider the potential cost of extending the lease to 90+ years, which can be a complex and costly process.