A 1st floor studio flat (bedsit) with a share of freehold and recently extended lease ideally placed in the town centre within a 10 minute walk of the railway station. The owners of the flats in the building have recently obtained the freehold and a new 999 year lease. They have also agreed to each put £1,000-£1,500 into a sinking fund to carry out various urgent works to the building and gardens, which have been neglected in recent years. They have appointed a solicitor to draw up the new lease and parking plans and will manage the building themselves via a residents association. The block is entered via a secure entry system and No. 5 is located at the rear of the building with the main bed/sitting room enjoying a sunny south/westerly aspect. The property would now benefit from modernisation and redecoration which has been reflected in the realistic asking price.
Please note: The property is currently let on an assured short hold tenanc...
|Ideal first purchase or buy to let investment||Should rent out for £600 per month|
|Small block of just 5 properties||Would benefit from modernisation and redecoration|
|Located just behind the Orchards Shopping Centre||Residents car parking|
|Recently extended lease (999 years)||West facing bed/sitting room|
|Separate kitchen and bathroom||EPC rating: F Council Tax Band: A|