Freehold Investment Opportunity, High Street, - £385,000 | For Sale

  • High Street
  • High Street
  • High Street

Description

Freehold investment opportunity within Wellington Town Centre - Comprising 7 apartments .

The Freehold and the five remaining apartments are For Sale £420,000 - currently producing an annual income of approximately £28,000


No.s 1 & 7 have been sold with 999 year leases.
Number 1 has a small area of garden directly behind it. There is a ground rent of £100 PA.
Number 7 is without a garden but enjoys the use of communal areas. There will be a service charge of £784.00 PA for these two apartments payable to the Freeholder long with a Ground Rent of £150

The building is listed. Each unit is separately metered for water and electricity (no gas in building although supply to cellar that has been capped off under flat 2).
Apartments 2,3,5 & 6 are within the main building, unit 4 is accessed via the rear entrance .

Each apartment has 1 bedroom with varying layouts to kitchen, living rooms and bathrooms. All apartments are presented in good condition and the communal areas are well maintained.

Property Location

A holding fee of £150.00 is required to reserve a property

Referencing fees of £45 + VAT for an individual (over 18 – including guarantors) – different fees may apply for a company let

Tenancy Agreement fee £95 + VAT

A check in charge is payable by the tenant which varies on the size of the property and whether this is furnished or unfurnished

Prior to taking up occupation you will be expected to provide, in addition to the above, one month’s rent in advance and a tenant’s deposit equivalent to 1.5 times the rent payable per month. If your landlord consents to you having a pet at the property, a larger deposit will be required

On a renewal or extension of the tenancy a fee of £75 + VAT is payable

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