** IDEAL INVESTMENT ** CENTRAL MILTON KEYNES LOCATION, LONG LEASE, HIGH RENTAL DEMAND WITH EXCEPTIONAL YIELDS POSSIBLE ** GROUND FLOOR STUDIO FLAT WITH RESIDENT PARKING, LOCATED CLOSE TO AMENITIES INCLUDING SHOPPING CENTRES.

This ideal investment property is located in a fantastic position within easy reach of the wide variety of local amenities available including the Central Milton Keynes shopping centres. Features a unexpired lease term of 119 years and just £10 a year ground rent. Inside there is 376sq ft of space with a good size studio room, separate kitchen and shower room. There is also resident permit parking available right in front of the building. In need of improvement, but with an estimated annual rental income of over £10,000, it offers an exceptional return and would be an ideal addition to any rental portfolio. ACCOMODATION COMMUNAL ENTRANCE ENTRANCE HALL KITCHEN 6'10 X 5 STUDIO ROOM 15 X 11'8 SHOWER ROOM 5 X 3'3 OUTSIDE RESIDENT PERMIT PARKING AVAILABLE LEASE DETAILS: 125 YEAR TERM WITH 119 REMAINING, GROUND RENT £10 PA, MOST RECENT SERVICE CHARGE INFORMATION SHOWS £1302 PA, PLEASE REFER TO THE LEGAL PACK FOR CLARIFICATION

Tenure

Leasehold. 125

Energy Efficiency Rating (EPC)

Current Rating C

Local Authority

Milton Keynes Council

Solicitors

TLT Solicitors, Ref: TLT Solicitors, Tel: 0330 165 4201

Additional Fees

Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £2,400 (£2000 plus vat)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.