This one bedroom first floor apartment, located close to Wakefield city centre, would make a good addition to a buy to let portfolio. The tenant has lived in the property for the last 10 years and currently pays £435 per month or £5,220 per year. This equates to a gross return of 18% based on the guide price. There are 109 years remaining on the lease. We have been advised the service charge is £1,400 per annum and ground rent at £332.72 per annum.
First floor
Open plan kitchen/living room, bedroom and bathroom
Additional Information
Council Tax
Wakefield council - Band A
Tenure
Leasehold
Disclaimer
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Buyer's Premium: £900 inc VAT
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 - See above
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.