This stunning one double bedroom apartment is situated on the 6th floor of the highly sough after Cutmore Ropeworks, located in the heart of Barking.
Boasting a gross yield of 6.67% this property is perfect for investors with a tenant in situ until February 2024.
Offering a modern and open plan design, the living space is perfect to entertain guests and benefits from french doors allowing access to the South facing balcony, which is the perfect place to relax on hot summer days.
Tenure - Leasehold Service charge - £2500 per annum Ground rent - £00.00 Length on lease - 134 Years EPC Rating - B Council Tax - C
Barking train station is a 7 minute walk, ideal for commuters into London with six trains an hour to London Fenchurch Street, taking only 15 minutes. Abbey Ruins is a stones throw away with lots of open space to enjoy and The Broadway Theatre is close by providing plenty of entertainment.
The information we hold for this property is obtained from the Vendor (the person or company selling the property). Anyone interested in this property is advised to obtain verification on all points from their Solicitor or Surveyor. Reference to the Tenure of this property is based on information supplied by the Vendor. Any Buyer(s) is/are advised to obtain verification from their Solicitor. We have not tested any apparatus, equipment, fixtures and fittings and so cannot verify that they are in working order or fit for purpose. Please do not rely on this information when deciding to proceed.
Council Tax Band: C Tenure: Leasehold Lease Years Remaining: 134 Ground Rent: £0.00 per year Service Charge: £2500.00 per year
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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