2 Bed Apartment For Sale

ALEXANDER & CO **"INVESTMENT PURCHASE WITH TENANT SITU** **POTENTIAL 8.25%* GROSS YIELD**

We welcome to the market this spacious two bedroom apartment situated in the heart of the ever popular FAIRFORD LEYS development, with a range of local shops and restaurants 'on the doorstep'. The property is advertised for sale for an INVESTMENT PURCHASE with a tenant a situ (see below). The property benefits from an EN-SUITE to master bedroom, spacious lounge, parking to the rear and NO UPPER CHAIN.

The accommodation comprises: communal entrance hall with access to four apartments within the block, entrance hall, lounge, fitted kitchen, master bedroom, en-suite shower room, bedroom two, family bathroom and parking to the rear.

Lease Term: Approx. 150 years remaining from 22/8/2002 - Approx. 130 years remaining.
Ground Rent: £238.34 per annum (owner advised)
Service Charge: £1824 per annum (owner advised)

ATTENTION INVESTORS:
Tenant in situ paying £1000pcm. Current gross yield: 7.5% which is based on the guide price.
Potential rent in current market when advertised: Approx £1000-£1100
*Potential gross yield: 8.25% which is based on guide price and £1100pcm

Council Tax Band: B