BUY TO LET OPPORTUNITY - TENANT IN RESIDENCE PAYING £655 PCM - GROSS RENTAL YIELD OF 8.25%

Lovett Sales and Lettings are pleased to present for sale this first floor studio flat in TOWN CENTRE LOCATION within walking distance of shops and amenities. The accommodation comprises of entrance hall, lounge/bedroom, fitted kitchen and a bathroom. There is a car port parking space. The property benefits from gas central heating. UPVC windows. LEASE EXTENDED - 150 YEARS REMAINING. There is no forward chain. Viewing is recommended.

Entrance Hall
Coving to textured ceiling.

Lounge/Bedroom 13' 4" x 11' 11" (4.06m x 3.63m)
Window to front, coving to textured ceiling, built in original feature fireplace, storage cupboard housing combination gas boiler, storage cupboard, radiator.

Kitchen 6' 1" x 5' 1" (1.85m x 1.55m)
Fitted kitchen comprising of stainless-steel single drainer sink unit with mixer tap, work surfaces with tiled splashbacks, drawer and cupboards below, wall mounted cupboards, stainless-steel free standing electric oven with 4-ring gas hob, freestanding fridge, radiator, vinyl flooring, sash window to front, coving to textured ceiling.

Bathroom
Three piece suite comprising of low level w.c., pedestal wash hand basin, panelled bath, half tiled walls, radiator, frosted window to rear, textured ceiling.

Tenancy Details
The current tenancy runs to January 2026 at a rent of £655 PCM (8.25% Gross rental yield) on an Assured Shorthold Tenancy Agreement

Leasehold information
There are 150 years remaining on the lease. No ground rent payable. Buildings insurance £402 a year. The management is handled by the freeholder who holds a reserve fund and arranges work needed and is payable between the four leaseholders.