2 Bed Apartment For Sale

*** SOLD SUBJECT TO CONTRACT *** SIMILAR PROPERTIES REQUIRED *** NO SALE NO FEE AGENT *** FREE MARKET VALUATIONS AND REPORT *** HIGH STREET ESTATE AGENT *** CONTACT GRAHAM DAVIDSON TO DISCUSS YOUR PROPERTY ***

*** PERFECT BUY TO LET INVESTMENT PROPERTY *** LONG STANDING TENANT IN PLACE PAYING £750 PCM *** PRODUCING A VERY HEALTHY 7.20% GROSS YIELD RETURN *** NO VOID PERIOD SO RENTAL INCOME FROM DAY ONE *** MODERN PURPOSE BUILT 2 BEDROOM APARTMENT IN A SMALL BLOCK OF JUST SIX APARTMENTS *** LOCATED ON THE POPULAR MIDDLEMORE DEVELOPMENT ***

Are you a buy to let investor looking to increase your portfolio? Or maybe you are new to buy to let investing and looking for your first investment property? either way, this two bedroom second floor apartment on the popular Middlemore development on the edge of Daventry could be the perfect property.

The property is currently tenanted on a standard AST (assured shorthold tenancy) meaning the new landlord will benefit from rental income from day one with no void period to worry about. The tenant is also very settled in the home.

The current rent means that this property returns a very healthy 7.20% PA gross yield return.

Built around 16 years ago, this two bedroom top floor apartment is set within a small block of just six apartments, with allocated parking behind electrically operated security gates.

The property briefly comprises; entrance hall, lounge with open plan kitchen and Juliet balcony, two bedrooms and a family bathroom.

SITUATION

The popular Middlemore development is located on the northern tip of Daventry adjacent to Drayton Reservoir and open countryside. The development is well served with a general store and a public house. There is also a regular bus service into Daventry Town Centre which is less than 3 miles away.

Lease term - 150 years from 1st January 2007 - 134 Remaining
Service Charge - £1730 p/a
Ground Rent - £125 p/a

This information should be verified by your legal representative prior to the exchange of contracts.

We urge any investors to contact us to discuss this opportunity in more detail.