Auction Property 2 Bed Apartment 

•For Sale By Online Auction: 27th & 28th January 2021
•Guide Price: £62,500+
•Mid floor two bedroom flat
•Potential rental income £7,800 pa
•Long Leasehold

The apartment is located on the mid floor within this traditional period property on Princes Road.

The internal accommodation comprises of an open plan living/ dining room with a modern fitted kitchen. The kitchen includes both base and eye level units, integrated gas hob oven with extractor fan and splash back tiles. The property also comprises two bedrooms and a family bathroom. All 'white goods' will remain at the property.

The property benefits nearby on street parking within the vicinity, as well as public transport options providing easy access to the city centre.

Accommodation

Approx. 62 Sq. M 667.36 / Sq. Ft
(Measurement taken from the EPC)

Investment Analysis

This property is sold with vacant possession. However, we believe the property is likely to let at £650 per calendar month (£7,800 per annum), which reflects a gross yield of approx. 12.5%, based on the guide price.

Services

We understand the property has mains electricity, water, and drainage. However, interested parties should carry out their own investigations.

Tenure

Long Leasehold - 125 year lease from 11 February 2008.

Approx. unexpired lease term of 113 years.

Guide Price

£60,000+

Buyer’s Premium

2% (min. £3,600) inc. VAT.