•Two bedroom apartment
•Ideal Investment opportunity
•Tenanted – Current income of £5160 per annum – 9.3% yield
Set within a purpose-built modern block, is this two-bedroom spacious second floor apartment. The accommodation comprises of an open plan kitchen/ living room, with some integrated appliances, a three-piece bathroom suite and two good sized bedrooms.
The master bedroom benefits from en-suite facilities, including a single shower cubicle & wash hand basin. The property is of a modern and neutral décor throughout with a mix of carpeting, tiling and vinyl floor coverings.
Externally, there is a communal entrance with security code entry system. The apartments are set above a retail premises, and we understand the building to have been constructed in circa 2008.
The apartment is within close proximity to Ripley high street which has a good selection of local amenities and retailers, including; the Co-Op supermarket, The post office and numerous high street banks and other retail outlets.
Hallway- 5.38 sq. m ( 57.9 sq. ft )
Open plan living/kitchen area- 30.39 sq. m (327.18 sq. ft )
Bathroom- 5.21 sq. m ( 56.1 sq. ft )
Bedroom One- 8.75 sq. m ( 94.19 sq. ft )
En-Suite- 2.19 sq. m ( 23.57 sq. ft )
Bedroom Two- 8.31 sq. m ( 89.45 sq. ft )
Total Floor Area- 60.23 sq. m ( 648.39 sq. ft )
We understand the property to have mains electricity, gas, water and drainage.
The property is currently let under an AST agreement on a one-year contract from 08/03/19, achieving a total rental income of £430 pcm (£5,160 per annum). This would represent a potential gross yield of 9.3%, based on the asking price.
The property is rated in council tax band B. The current rate payable 2018 / 2019 is £1,163.40 pa
A Buyer’s Premium of 1% (min. £900) inc. VAT is payable on top of the purchase price. Please take in to account when offering on a property.
To view this property, please contact John Pye Property - Property@johnpye.co.uk - 0115 970 6060 (Please note, a seven day notice period must be provided prior to viewings)