FANTASTIC INVESTMENT OPPORTUNITY !! to purchase a modern residential block of flats. The property comprises 5 self contained flats 4 of which are being offered for sale. The freehold of the building as a whole is being sold.
Apartment Breakdown:
There are five apartments within this modern detached three storey block. The apartments for sale consist of one on the ground floor, two on the first and the penthouse on the third. All apartments have an integrated lounge / diner separate kitchen and 2 bedrooms
a bathroom and the master bedroom has an en-suite. Each apartment has allocated parking and use of a communal garden. Apartment one has a private garden.
The apartments have been fitted to a very high standard with the same fixtures and fittings being utilised in all. All apartments have a telephone entry system, Upvc double glazed windows the penthouse also benefits from additional wooden velux windows. Gas
fired under floor heating with part wooden part carpet flooring. There are blinds fitted to all windows. Fully fitted kitchens comprising integrated oven, hob, fridge/freezer, dishwasher and complimented with granite work surfaces. The property is accessed
by means of an electric security gate.
Directions: From Sutton train station travel along Brighton Road towards Epsom turn left into Cedar Road. The property is located on the right hand side.
Lease: The leases are for a term of 99 years from 2008 and are currently on sublease granted by the Freeholder and also in the name of the Freeholder. Flat 2 has been sold to a third party on a similar lease. All apartments are currently let on Assured Shorthold
Tenancy agreements.
The Freehold of the building as a whole is being sold all subject to the existing Tenancies. Asking price of £900,000.
General Description
Apartment Breakdown: There are five apartments within this modern detached three storey block. The apartments for sale consist of one on the ground floor, two on the first and the penthouse on the third. All apartments have an integrated lounge / diner separate
kitchen and 2 bedrooms a bathroom and the master bedroom has an en-suite. Each apartment has allocated parking and use of a communal garden. Apartment one has a private garden. The apartments have been fitted to a very high standard with the same fixtures
and fittings being utilised in all. All apartments have a telephone entry system, Upvc double glazed windows the penthouse also benefits from additional wooden velux windows. Gas fired under floor heating with part laminate part carpet flooring. There are
blinds fitted to all windows. Fully fitted kitchens comprising integrated oven, hob, fridge/freezer, dishwasher and complimented with granite work surfaces. The property is accessed by means of an electric security gate. Directions: From Sutton train station
travel along Brighton Road towards Epsom turn left into Cedar Road. The property is located on the right hand side. Lease: The leases are for a term of 99 years from 2008 and are currently on sublease granted by the Freeholder and also in the name of the Freeholder.
Flat 2 has been sold to a third party on a similar lease. All apartments are currently let on Assured Shorthold Tenancy agreements. The Freehold of the building as a whole is being sold which will include the ground rent income all subject to the existing
Tenancies. Asking price of £1,030,000.
- Investment Opportunity
- 4 Self Contained Flats
- All 2 Beds
- Annual Income £48,120
- Freehold
- Detached Gated Property