Banbury Grove

Biddulph, ST8

Tenure: Leasehold

A first floor studio apartment just a short walk from the town centre offering an ideal investment opportunity. Situated on a quiet cul-de-sac and with allocated parking, the apartment comprises a sitting room and bedroom, kitchen and bathroom.  Currently tenanted under an Assured Shorthold Tenancy, the apartment offers immediate rental income with a market yield estimated at 6.9%. The freehold interest is held by the existing leaseholders and low service charges make this an attractive investment. All enquiries through our Sandbach office.

EPC rating: E. Council tax band: A, Tenure: Leasehold, Annual ground rent: £25, Annual service charge: £300, Service charge description: Grounds and common arears, Length of lease (remaining): 249 years 11 months,

Sitting room/bedroom

3.42m (11′3″) x 5.17m (16′12″)

Entrance vestibule leading to sitting room/bedroom. Window to front elevation, ceiling light fitting, hallway with airing cupboard leading to kitchen and bathroom, electric storage heater.

Bathroom

1.70m (5′7″) x 2.04m (6′8″)

Window to side elevation, bath with shower fitting, low level WC, wash basin, ceiling light fitting.

Kitchen

2.19m (7′2″) x 2.23m (7′4″)

Range of wall and base units with laminate worktops, window to side elevation, ceiling light fitting, one and half sink and drainer, electric heater.

External

Gardens to front and rear for the block

Leasehold Notes

Although this is a leasehold flat, there is no external freeholder; the current owners have formed a management company which owns the freehold of the block and in control of all maintenance. Ground Rent £25.00 per annum. Service Charge; £25.00 per month - The service charge of £25.00 includes garden maintenance, cleaning of communal areas, electricity in the stairways and hall and buildings insurance. Lease length is 999 years (commenced 1985). Please check this with your legal representative before committing to purchase.

Important note

1. These particulars have been prepared in good faith as a general guide, they are not exhaustive and include information provided to us by other parties including the seller, not all of which will have been verified by us. They do not form part of any offer or contract and should not be relied upon as statements of fact. 2. We have not carried out a detailed or structural survey; we have not tested any services, appliances or fittings and we have not verified all statutory approvals or consents. Measurements, floor plans, orientation and distances are given as approximate only and should not be relied on. 3. The photographs are not necessarily comprehensive or current, aspects may have changed since the photographs were taken. No assumption should be made that any contents are included in the sale. 4. Prospective purchasers should satisfy themselves by inspection, searches, enquiries, surveys, and professional advice about all relevant aspects of the property