Investment Opportunity offered for sale subject to existing assured shorthold tenancy agreement, currently let at £480pcm but potential to increase this. The property is a leasehold first floor apartment situated on a modern development convenient for the town centre and amenities. The property has gas fired central heating and uPVC double glazing.The apartment is accessed by a communal hall ,stairs and landing which leads to the hallway off which is lounge, kitchen, two bedrooms and bathroom.Outside the property has parking.Please note - We have been advised that the property is Leasehold with 992 years left on the lease and that the cost per annum for ground rent and service charge is approximately £1800.Agents Note - The pictures are prior to the existing tenancy.Agent's Note: We have been advised by the vendor that the property is currently let on an AST; The landlord is willing to serve the tenants with a Section 21 Notice after a sale has been agreed if required. The buyer will need to confirm with their solicitor regarding vacant possession and dates.
Based on a 30 year mortgage, with a 10% deposit and a 4.50% interest rate. These results are estimates and are 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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