FANTASTIC INVESTMENT OPPORTUNITY STUDIO FLAT WITH OWN PRIVATE ENTRANCE SITUATED CLOSE TO BOTH THE BEACH & TOWN CENTRE. LONG LEASE. TENANT IN SITU PAYING £750 PCM (8% yield).
Located just a short walk from award-winning beaches and the bustling town centre with its diverse selection of restaurants, shops, and cafes, this lower ground floor studio flat presents a fantastic opportunity for investors. The property is ideally positioned to enjoy both the coastal lifestyle and the convenience of town-centre living, making it highly attractive to tenants and buyers alike.
The flat is accessed via a private entrance, set down a few steps, which adds a sense of privacy and separation from neighbouring properties. Upon entering, you are welcomed into a surprisingly spacious and light-filled studio room. Despite being on the lower ground floor, the room benefits from natural light and a sense of airiness, further enhanced by neutral decor. A built-in storage cupboard or wardrobe provides convenient space-saving storage within the main living area.
The kitchen is neatly designed and functional, offering a matching range of base and eye-level units that provide ample cupboard space. There is plenty of worktop area, along with an inset sink positioned beneath a well-lit section of the kitchen. Integrated appliances include an electric hob with extractor hood above, an oven below, and a base-level fridge/freezer. In addition, there is designated space and plumbing available for a washing machine, ensuring the flat is fully equipped for comfortable modern living.
The bathroom is fully tiled and presented in a clean, neutral style. It comprises a matching white three-piece suite, including a full-sized bath with shower attachment, a pedestal wash hand basin, and a WC. The overall condition of the bathroom is tidy and functional, offering everything needed in a compact, well-designed space.
This property is being sold with no forward chain and a tenant already in situ, making it an ideal, ready-to-go buy-to-let investment. Whether you're adding to an existing portfolio or looking for your first property investment, this studio flat combines location, convenience, and immediate rental income potential in one attractive package.
Leasehold Lease - 125 years from 25.03.2017 (117 years remaining) Ground Rent - £250 p/a Service Charge - £1,700 p/a
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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