Property description
This 2-bedroom apartment is located in Redcar with the current tenant paying £450pcm. The tenant has been in since December 2022 on a rolling contract. This will give the next owner a return of 13.1% (if they wish to continue to rent it).
This apartment has 110 years left on the lease. The ground rent is payable to Estates and Management Ltd at a total of £136 PA.
On top of this the building has a service charge of £1100 for the year to Town and City management Ltd, this is paid in 10 monthly instalments.
Council Tax Band: A
Tenure: Leasehold
Length Of Lease: 110 years remaining
Annual Ground Rent Amount: £136.00
Annual Service Charge Amount: £1,100.00
Service Charge Review Period: 10 monthly instalments
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