Mercia Drive
Leegomery, TF1

£58,000 OIRO
1
Call Us 01432623032

Features

  • **INVESTOR OPPORTUNITY**
  • - YIELD 8.8% -
  • *Gross Annual Rental Income £5,100*
  • Excellent Interior Condition
  • Double Bedroom
  • Lounge/ Fitted Kitchen/ Bathroom
  • Secure Entry
  • Off Street Parking
  • **NO CHAIN**

Description

A superb, profitable, one bedroom flat on a very nice family, residential street in Leegomery - **HIGH YIELD 8.8%** - SOLID GROSS ANNUAL RENTAL INCOME of £5,100 (£425pcm) - LOW SERVICE FEES AND GROUND RENT - off street allocated parking, very close to Princess Royal Hospital (large tenant source) - NO CHAIN

Additional Information

Council Tax A: £1182

Leasehold Property. 120 Years from march 25th 1981 Remaining Lease +/- 80 years : Annual Ground Rent: £25 - Annual Service Fees: £240

Repairs to the building, when required, are costed and paid on a per job basis. Share of cost collected from each property owner at time of repair.

Leasehold includes building insurance

A very nice one bedroom flat set within a small block on a lovely, family orientated residential street in Leegomery, very close to Apley and the Royal Princess Hospital, a rich source of tenants. Property comes with off street parking, double glazing throughout, electric heating (no gas safety certification needed) and is positioned at the end of a quiet cul-de-sac. The property further features a nicely fitted kitchen (with white goods), nice sized lounge, double bedroom and shower room. Mercia Drive is close to major bus routes, has great local amenities (convenience store, Greggs, hairdressers etc), yet is only 3 minute's drive (3/4 mile) to Wellington, its pubs, eateries, market, railway station and shops.

We give notice that these particulars, although believed to be correct, do not constitute any part of an offer of contract, that all statements contained in these particulars as to this property are made without responsibility and are not to be relied upon as statements or representations of fact and that they do not make or give any representation or warranty whatsoever in relation to this property. Any intending purchaser must satisfy himself by inspection or otherwise as to the correctness of each of the statements contained in these particulars. The agent has not tested any apparatus, equipment, fixture, fittings or services and so cannot verify that they are in working order or fit for their purpose, neither has the agent checked the legal documents to verify the freehold/leasehold status of the property. The buyer is advised to obtain verification from their solicitor or surveyor.

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