Investment property - flat let on AST at £4,200 pa

A spacious, self contained, first floor flat conveniently situated in the Town centre. The property is currently let on an Assured Shorthold Tenancy at £4,200 pa producing a gross yield of 14% mid guide and briefly comprises:- large living room with kitchen area, bathroom, two bedrooms and boxroom. Flat 2, the identical vacant flat above is also available in the same auction.

Tenure

Leasehold

Living room / kitchen - 20' x 14'9

Bathroom - 7'6 x 4'

with bath, basin and WC;

Boxroom - 8'6 x 6'

Bedroom - 10'9 x 9'

Bedroom - 10' x 7'9

Outside

Access is via an external staircase from gated yard.

Assured Shorthold Tenancy

The property was let in November 2016 on an AST at a rental of £350 per calendar month payable 6 months in advance.

Tenure

Long leasehold - 99 years from October 2010

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

Allerdale Borough Council

Solicitors

Beaty & Co, 1 Victoria Place, High Street, Wigton, CA7 9PJ, Ref: Pam Enon, Tel: 016973 42121

Additional Fees

Administration Charge - £720 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.