SPECIFICATIONS:

BEDROOMS: X 1
RECEPTION ROOMS: X 1
BATHROOMS: X 1

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PROPERTY LOCATION:

Property Summary

Tenure: Leasehold
Property type: First floor
Length of Lease: 114 years
Council Tax Band: A

Key Features

One bedroom first floor apartment
Walking distance to the city centre & railway station
Allocated parking space
Tenant in situ paying £895 PCM
8.5 % yield
Open plan lounge & kitchen area

Summary

Currently let out at a figure of £900 PCM including the water bill this respresents an excellent yield of over 8% making it an attractive investment opportunity for landlords looking to add to their portfolio.

The apartment benefits from secure telephone entry system and once inside the property, the accomodation all accessed from the entrance hallway, comprises a light and bright double bedroom, a contemporary three piece bathroom suite with shower over the bath, and the open plan lounge dining and kitchen area.
The property also benefits from one allocated parking space

Leasehold
Unexpired Years: 115
Annual Ground Rent: £200
Ground Rent Increase: Rises to £400 from January 1st 2041
Ground Rent Review Period: TBC
Annual Service: £ 1650
These details are to be confirmed by the vendor’s solicitor and must be verified by a buyer’s solicitor.

ADDITIONAL INFORMATION

Services:
Water: Mains
Gas:No Mains
Electric: Mains
Sewage: Mains
Heating: Electric Radiators

Convenants/restrictions affecting the property:
The porperty is a leasehold flat, and standard leaseholder convenants aee conained in the lease.

Materials used in construction: Ask Agent
How does broadband enter the property: Ask Agent

For further information on broadband and mobile coverage, please refer to the Ofcom Checker online

Situation

Shirley has proved to be a popular residential area with extensive shopping facilities found nearby in Shirley High Street. The central railway station is found adjacent to Commercial Road and the city centre is a short distance away boasting numerous pleasant parks, the West Quay shopping mall, numerous bars, restaurants and cinemas. Freemantle Lake Park and St James Park offer outdoor recreational space and the indoor swimming pool in English Road is a popular neighbourhood facility. Schooling for all ages is found close by.