*Guide | £90,000 (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold. 125 years from 1/2/2007
Call the team on 01702 939933 for more information
A leasehold apartment within this over 55's retirement complex - considered to be suitable for owner occupation or a buy to let investment
The property is currently let and achieving a rental income of £1,000 pcm (£12,000 pa) which represents a gross yield of over 13% of the guide price. We are advised that the the tenant has served notice to end this tenancy and therefore the property is expected to be vacant upon completion. Chancellor Court is a sought after Retirement complex for the over 55s, conveniently situated just north of the City Centre. It offers excellent communal areas and well kept gardens and some car parking.
Tenure
Leasehold. 125 years from 1/2/2007
Ground Floor
This ground floor flat measures approximately 592 square foot (55 square meters) and offers a lounge, kitchen, bedroom and a shower room with WC. A lift serves all three floors and there is a communal lounge with kitchen facilities, laundry room and communal gardens.
Leasehold Information
Term: 125 years from 1 February 2007 (105 years remaining) Annual ground rent amount: £425 Ground rent review period: Please refer to legal pack Annual service charge amount: Please refer to legal pack Service charge review period: Please refer to legal pack
Council Tax Band
D
Energy Efficiency Rating (EPC)
Current Rating B
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Chelmsford City Council
Solicitors
Birketts, Ref: Samantha Campkin, Tel: 01245 211346
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
Buyer's Premium - £1200 inc VAT payable on exchange of contracts.
Administration Charge - £1200 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.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.
Floor Plans
Click the image to view the full-sized floorplan.
