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A refurbished luxury basement flat producing a strong rental income
Situated close to the town centre is this luxurious basement flat which has been recently fully refurbished to a high standard. Newmarket is a highly desirable west Suffolk town just off the A14 trunk road and renowned for being the country’s horse racing capital, it is served by a broad range of amenities and the University city of Cambridge is just some 15 miles distant. The property which offers a large living room with a fitted kitchen area and a double bedroom is currently let on an AST which expires in October 2018 and generates an income of £795 per calendar month (£9,540 per annum) equating to yield of over 7.5% of the Guide Price and making this a first class investment opportunity. Lease – 125 years from 2016 Ground Rent - £300 per annum Service Charge - £500 per annum
Tenure
Leasehold. 125 yr lease from 2016
Viewing
Open days
Energy Efficiency Rating (EPC)
Current Rating E
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Forest Heath District Council. Tel: 01638 719000
Solicitors
Eversleys, Percy House, 363 Liverpool Road, London N1 1NL, Ref: Mr S Appleman, Tel: 0207 607 0001
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 - 0.3% including VAT subject to a minimum of £840.00 including VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.