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Investment property producing £21,052 pa
A terraced property situated on the south side of the City which comprises 4 bedsits and a studio flat. The property is fully let and produces an income of £21,052 per annum equating to 16.84% gross yield at the guide price.
Tenure
See Legal Pack
Lower Ground Floor
Studio Flat with access from main hall and rear yard:- Bed Sitting Room 13'6 x 13' Kitchen 8'3 x 7'9 Bathroom 8'3 x 7'
Ground Floor
Hall Room 3 front - 14' x 13' Room 4 rear 14' x 11'9
First Floor
Room 1 front 19' x 9'3 max Room 2 front 15'6 x 8'9 Bathroom 7'9 x 7' Separate WC
Outside
Forecourt. Rear yard.
Energy Efficiency Rating (EPC)
Current Rating D
Services
Interested parties are invited to make their own enquiries to the relevant authorities as to the availability of the services.
Local Authority
Cumberland Council
Solicitors
Bendles Solicitors, Ref: Alex Keegan, Tel: 01228 522215
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - 1.2% inc VAT of the purchase price, subject to a minimum of £1500 inc VAT, payable on exchange of contracts.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.