1 Bed Flat For Sale

PENDING NEW AUCTION DATE. POST OFFERS WELCOME. A great investment opportunity to purchase a ground floor one bedroom flat with tenant in situ, situated in a well established residential location of Madeley.

A great investment opportunity to purchase a ground floor one bedroom flat with tenant in situ, situated in a well established residential location of Madeley.



In brief, an entrance hallway, lounge, double bedroom, fully-fitted kitchen and bathroom. Close to all local amenities and walking distance into Madeley.



Currently being rented out at £425PCM.



Lease term: 99 years from 16th May 2012

Yearly service charge: £695.00

Yearly ground rent: £10.00

Gross annual yield: Circa 12%



The property is situated within the popular area of Madeley, which in recent years has undergone a regeneration scheme and offers many local amenities including; supermarket, convenience stores, post office, banks, nursery, primary school, dental practice, medical practice and pharmacy. Two excellent secondary schools are nearby. Telford Town Centre is less than 5 miles and offers an array of shops, restaurants and leisure facilities as well as Telford Central railway station and connection on to the M54.



Internal photographs and floorplan to be added shortly.

Tenure: Freehold

EPC Rating: C

Administration Fee: £1200 inc VAT payable on exchange of contracts.

Buyer's Premium Fee: £1200 inc VAT payable on exchange of contracts.

Disbursements: Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.