***INVESTMENT PURCHASE****£10,200 GROSS ANNUAL INCOME***
An excellent investment opportunity to purchase a ground floor two bedroom flat being sold with the current tenants in situ.
The property is currently let on an assured shorthold tenancy until August 2024 with a gross income of £850pcm (£10,200 per annum).
The property is ideally situated for the town centre and Leamington Railway Station.
The accommodation comprises in brief a communal entrance hall with security entry system, private entrance hall, sitting room, kitchen, two bedrooms and a bathroom.
Council Tax Band C
EPC Band C
Tenure: The flat is leasehold with a 125 year lease from 27th August 1999 (approximately 100 years remaining). Our client has informed us that the service charge is £804 per annum and £75 ground rent, although we have not seen written confirmation of this. All buyers are strongly advised to seek verification of all matters relating to the lease, service charge and ground rent via their legal representative before entering into an unconditional exchange of contracts.
We have tried to ensure these details are correct. Handles Property accept no liability should there be any errors and you should seek further clarification should you so wish.