*Attention Investors* Exceptional opportunity to acquire a historically successful rental property, in the Market town of Mildenhall. Offered to the market as BUY TO LET only with a tenant in situ paying £1275pcm, giving a favourable gross rental yield of 6.38%.
This three bedroom apartment in Mildenhall is within a short walking distance of Mildenhall Town Centre and local amenities. The apartment benefits from a good-sized accommodation throughout, with open plan lounge/kitchen/dining area, en-suite facilities to primary bedroom and garage, single carport with allocated parking.
In more detail the accommodation comprises of: OPEN PORCH Leading to communal hall
ENTRANCE HALL Airing cupboard
KITCHEN AREA Range of wall and base units, sink with drainer, electric oven with gas hob and extractor hood over, integrated washer/dryer, dishwasher and fridge/freezer, window to front and rear
LOUNGE/DINING AREA Window to front, side and rear
PRIMARY BEDROOM Window to front
EN-SUITE White suite comprising of low level wc, pedestal hand basin and shower cubicle
BEDROOM TWO Window to front
BEDROOM THREE Window to front
FAMILY BATHROOM White suite comprising of low level wc, pedestal hand basin and bath with shower over, window to rear
OUTSIDE Communal gardens to front of property with single carport below property and single garage with allocated residents parking
Tenure: Leasehold. Lease of 125 years with 107 remaining Heating: Gas central heating Parking: Allocated parking Windows/doors: UPVC double glazing Service charge: TBC Ground rent: TBC
AGENTS NOTES: 1. Further background information and data as required under the “Material Information” are available in the brochure QR code or 2. Stock photos used
The Market town of Mildenhall is rich in its history and culture and has been an established settlement since the Stone Age. Today Mildenhall is known nationally for the nearby USAF air base and its unique Roman Silverware Collection which is known as "Mildenhall Treasure". Centred around an historical marketplace offering a good range of shopping, education, and leisure services together with many local places of historical interest. Approximately two miles from the A11 five ways roundabout which gives access to Thetford (12 Miles) and Norwich to the Northeast and Newmarket (10 miles) and London to the South and Southwest. Other towns within travelling distance are Brandon to the Northeast and Bury St Edmunds to the southeast via the A1101. Mildenhall also enjoys its modern ‘hub’ facilities with swimming pool, library and medical facilities.
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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