Flat for sale in Varity House, Peterborough PE1

Investors only - This two bedroom ground floor apartment offers a fantastic investment opportunity to cash investors, with the property available with a tenant in situ.

The accommodation comprises entrance hall, open plan kitchen and living area, main bedroom and en-suite shower room, second double bedroom and bathroom. Outside there is communal parking on site. The property benefits from electric heating and UPVC double glazing and is available for sale with no onward chain.

Investor/lease information:

Tenancy: 12 months AST from 20th June 2023, with a 6 month break clause.

Rent: £775pcm.

Yield: 8.1% gross. 7.3% net, after service charge and ground rent.

Lease: Expires 31st December 2139.

Ground rent: £200 per annum until 31st December 2024.

Service charge: £743.30 annually.

Entrance Hall

5.53m x 0.98m - 18'2” x 3'3”
Entrance door, laminate flooring, electric heater, airing cupboard with hot water cylinder and plumbing for washing machine.

Open Plan Kitchen And Living Area

4.32m x 4.33m - 14'2” x 14'2”
Two UPVC double glazed windows to rear aspect, range of matching base and eye level units, worktop space, stainless steel sink and drainer with mixer tap over, integrated fridge/freezer, electric oven and hob, extractor hood, laminate flooring and eletric heater.

Bedroom One

3.29m x 2.65m - 10'10” x 8'8”
Panel window, electric heater and fitted carpet.

En-Suite

1.66m x 1.89m - 5'5” x 6'2”
Three piece suite comprising shower enclosure, sink and pedestal and wc. Tiled flooring and electric heated towel rail.

Bedroom Two

3.16m x 2.58m - 10'4” x 8'6”
Panel window, electric heater and fitted carpet.

Outside

Ample communal parking on site to offer at least one space per apartment. Bin store and bicycle racks.