BUY TO LET INVESTMENT: A LEASEHOLD STUDIO FLAT CURRENTLY LET PRODUCING £5,500 PER ANNUM, AN 11% YIELD OF THE GUIDE PRICE
Situated 250 yards from the seafront and being offered with a 125 years lease, a tenanted studio apartment currently producing £5,500 pa. This returns a yield of 11% of the guide price.
Bedroom, Lounge Kitchenette Bathroom
The vendor informs us that a new 125 year lease is being offered with the property
A Premium of £1,500+vat will be payable by the buyer on Exchange of Contracts There is a £600 pa Maintnenace Charge & £250 pa Ground Rent
Strictly by appointment with the auctioneer Tel: 01206 589 280
Energy Efficiency Rating (EPC)
Current Rating C
Tendring District Council
Buyer's Premium - £1800 inc VAT payable on exchange of contracts.
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.