*INVESTMENT OPPORTUNITY* *CURRENTLY RENTED FOR £775 PCM* *122 YEAR LEASE* *NO CHAIN*
Current Gross Yield 6.55% ( based on 11 months rental income )
Tenant sourced already for 2020 Academic year
Investment Opportunity situated adjacent to Portsmouth University!
This ONE bed Apartment is recently converted with accommodation comprising of:- Entrance Hall, Lounge Area, Kitchen Area, Bedroom & Bathroom. The apartments is double glazed, electric central heating system, security entry system and is being offered for sale with no forward chain! This apartment is extremely popular for letting to students due to their proximity to Portsmouth University. Close to the City Centre Shopping Centre and Portsmouth & Southsea Train Station, we would advise viewing early to avoid disappointment!!
Call 02392 607008 to arrange a viewing now.
Description
Amenities
Additional Information
+ Bedroom
Bedroom carpeted flooring, painted plastered walls, radiator, double glazed windows
+ Kitchen/Lounge
Lounge/Kitchen comprising of modern high gloss wall and base units, newly fitted hob and oven with extractor fan, stainless steel sink and space for fridge freezer.
+ Bathroom
Bathroom comprises of W/C, sink unit, bath with over head shower and chrome heated towel rail.
+ Local Area
Located on the door step of Portsmouth University, this apartment is the perfect location.
+ Leasehold Information
Remaining lease : 122 Years
Ground Rent : £250 per annum
Service Charge : £1135 per annum
Ground Rent : £250 per annum
Service Charge : £1135 per annum
+ Investment Opportunity
This property is currently let at £775 pcm, new tenants sourced for September 2020. Based on the current rental income this would achieve a 6.55% gross yield ( 11 months rent ) . If you require any further information regarding our letting services, please call 02392607008.
+ Disclaimer
All dimensions are approximate and are quoted for guidance only, their accuracy cannot be confirmed. Reference to appliances and/or services does not imply they are necessarily in working order or fit for the purpose. Buyers are advised to obtain verification from their solicitors as to the Freehold/Leasehold status of the property, the position regarding any fixtures and fittings and where the property has been extended/converted as to Planning Approval and Building Regulations compliance. These particulars do not constitute or form part of an offer or contract, nor may they be regarded as representations. All interested parties must themselves verify their accuracy. Where a room layout is included this is for general guidance only, it is not to scale and its accuracy cannot be confirmed.
+ Viewing Arrangements
Viewing is strictly by appointment via GD3 Property.