*Guide | £110,000+ (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold. The property is held on a 125 year lease from 16th February 2023 (thus approximately 122 years unexpired).
Call the team on 020 7625 9007 for more information
A Second Floor One Bedroom Flat Let Producing £14,400 Per Annum (Reflecting a 13% Yield on Guide)
The property comprises a second floor one bedroom flat situated within a purpose built block arranged over ground and four upper floors.
Tenure
Leasehold. The property is held on a 125 year lease from 16th February 2023 (thus approximately 122 years unexpired).
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Mitcham Common are within easy reach. Transport links are provided by Colliers Wood underground station (Northern line) and Mitcham Junction rail station.
Accommodation
Second Floor Reception Room Kitchen Bedroom Bathroom/WC Separate WC
Exterior
The block benefits from communal gardens and a private terrace.
Tenancy
The property is currently let at a rent of £1,200 per calendar month.
The property is occupied and rent is being received. A copy of the tenancy agreement is not available.
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
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 - Purchasers will be required to pay an administration fee of £1,800 inc VAT
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.
