A Semi Detached Property Converted into 8 Apartments Let to Serco Ltd Producing £33,600pa/£2,800pcm

A Semi Detached Property Converted into 8 Apartments Let to Serco Ltd Producing £33,600pa/£2,800pcm. This substantial property has been converted into 8 Apartments being a mixture of Studios and one Bedroomed accommodation. Each has it’s own Shower Room and Kitchen facilities. The entire property is let for a term of 6 years and 11 months from 1st January 2020 at a rental of £33,600pa/£2,800pcm. This equates to £350pcm for each apartment. The lease is to Serco Ltd who are tasked by the Government to provide accommodation for asylum seekers. See legal pack for a copy of the Lease. This is a great investment opportunity with all the attractiveness of a residential investment without all the normal responsibilities or costs incurred in a multi let property, with the entire rents paid by a Company of excellent standing.

Tenure

See legal pack

Description

8 Apartments being a mixture of Studios and One Bedroom. Each Apartment has it’s own Kitchen and Shower Room facilities

Energy Efficiency Rating (EPC)

Current Rating TBC

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Tameside Metropolitan Borough Council

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1080 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.