Being sold with a tenant in situ this property is ideally suited for an investor buyer. The current tenant has been in situ for four years and is currently paying £660 per month which equates to a rental yield of 6.1%. The accommodation comprises of a spacious living room, kitchen, well proportioned bedroom with a large storage/utility cupboard housing the water tank and washing machine, three piece bathroom and finally a easterly facing rear balcony. One of the main attractions to the current tenant is the fact the flat is situated within walking distance to Southampton City Centre & The Southampton Common.
The property also benefits from a recently extended lease with 199 years remaining, double glazed windows throughout, Dimplex Quantum storage heaters and residential permit parking within the development.
HALLWAY:
Doors leading to bathroom, bedroom, living room and opening to kitchen. Smooth walls and ceiling.
KITCHEN:
Vinyl flooring. Matching white gloss wall and base units with worktop over. Sink and drainer. Double glazed window to rear. Electric oven, new electric hob with extractor fan over. Tiled splash backs. Undercounter fridge.
LIVING ROOM 15' 11" (4.85m) x 14' 6" (4.42m)::
Textured walls and smooth ceiling. Double glazed window and door to rear aspect. Dimplex Quantum storage heater. Door to entrance hallway. Telephone entry system.
BEDROOM 12' 8" (3.86m) x 9' 7" (2.92m)::
Double glazed window to rear aspect. Dimplex Quantum storage heater. Door leading to storage/utility cupboard with water tank within and washing machine. Smooth walls and ceiling.
BATHROOM:
Tiled walls and flooring. Panelled bath with electric shower unit over, w.c. and ceramic wash basin. Extractor fan. Textured ceiling.
OUTSIDE
Permit parking within the development.
COUNCIL TAX
BAND: A
CHARGE: £1,304.19
YEAR: 2022/2023
TENURE
Remaining Lease Length - 199 years
Maintenance Charge - £761.69 per annum
Ground Rent - £30 per annum
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