Property Description

***Potential high yielding residential investment opportunity*** Situated in the sought after Five Lamps area, close to the city centre and the fashionable Friar Gate area, is a purpose built, self contained ground floor flat with its own separate access and gardens that are wrapped around the property. In our opinion, the property is likely to achieve circa £600 per calendar month (£7,200 per annum). This represents an impressive approximate 15% gross return, based against the guide price. Internally the well equipped, uPVC double glazed living accommodation in brief comprises of entrance hall with airing cupboard, lounge through diner, modern fitted kitchen, double bedroom and bathroom with three piece suite in white with shower. To the rear of the block is a residents parking area. Offered for sale with immediate vacant possession.

Entrance Hall

14ft 3 x 2ft 9

Lounge Through Diner

12ft 2 x 10ft 6

Fitted Kitchen

10ft x 5ft 9

Double Bedroom

10ft 4 max x 8ft 4

Fitted Bathroom

6ft 4 x 5ft 6

Outside

Residents parking area to the rear of the block.

Leasehold Information

125 years from 1 March 1990. Any ground rent and service charge review periods will be confirmed in the lease documents within the legal pack.

Tenure

Leasehold

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