Guide price
£100,000
(£244/sq. ft)
1 bed flat for saleThe Zone, Cranbrook Street NG1
1 bed
1 bath
1 reception
410 sq. ft
EPC Rating: B
Leasehold
About this property
One Bedroom Apartment
Ready Made Investment
9.4% Yield
Extended Lease - 165 Years
Open Plan Living
Centrally Located Development
***extended lease*** attention investors*** guide price £100,000-£110,000. Situated in a centrally located development, this one bedroom apartment is being offered with tenants in situ as a ready made investment opportunity. Currently generating a yield of approx. 9.4% the accommodation comprises of an entrance hall, open plan living/dining/kitchen with Juliet Balcony, double bedroom and a fitted bathroom.
***extended lease*** attention investors*** Situated in a centrally located development, this one bedroom apartment is being offered with tenants in situ as a ready made investment opportunity. Currently generating a yield of approx. 9.4% the accommodation comprises of an entrance hall, open plan living/dining/kitchen with Juliet Balcony, double bedroom and a fitted bathroom.
Hallway 10' 2" x 3' 7" (3.1m x 1.09m) With wood effect laminate flooring, wall mounted radiator, intercom system, airing cupboard and fitted ceiling spotlights.
Open plan living/dining/kitchen 22' 10" x 9' 1" (6.96m x 2.77m) The living/dining area has wood effect laminate flooring, uPVC double glazed Juliet balcony, wall mounted radiator and two ceiling lights. The fitted kitchen has a range of high and low level units with a rolled edge worktop over incorporating a one and quarter bowl stainless steel sink and drainer, splash back tiling, integrated electric oven, inset gas hob with extractor hood over and stainless steel splashback, integrated fridge and washing machine, wood effect laminate flooring and fitted ceiling spotlights.
Bedroom 11' 5" x 9' 2" (3.48m x 2.79m) With fitted carpet, uPVC double glazed window to the front elevation, wall mounted radiator and ceiling light.
Bathrooom Comprising of a panelled bath with a chrome mixer tap and a shower attachment over, low flush w.c., pedestal wash hand basin, vinyl floor covering, part wall tiling and fitted ceiling spotlights.
Agents note The Vendors have completed an extension to the lease taking the number of years to 165. This is currently formally being registered with Land Registry. Once complete the £178.00 per annum ground rent will drop to a 'peppercorn if demanded' amount.
***extended lease*** attention investors*** Situated in a centrally located development, this one bedroom apartment is being offered with tenants in situ as a ready made investment opportunity. Currently generating a yield of approx. 9.4% the accommodation comprises of an entrance hall, open plan living/dining/kitchen with Juliet Balcony, double bedroom and a fitted bathroom.
Hallway 10' 2" x 3' 7" (3.1m x 1.09m) With wood effect laminate flooring, wall mounted radiator, intercom system, airing cupboard and fitted ceiling spotlights.
Open plan living/dining/kitchen 22' 10" x 9' 1" (6.96m x 2.77m) The living/dining area has wood effect laminate flooring, uPVC double glazed Juliet balcony, wall mounted radiator and two ceiling lights. The fitted kitchen has a range of high and low level units with a rolled edge worktop over incorporating a one and quarter bowl stainless steel sink and drainer, splash back tiling, integrated electric oven, inset gas hob with extractor hood over and stainless steel splashback, integrated fridge and washing machine, wood effect laminate flooring and fitted ceiling spotlights.
Bedroom 11' 5" x 9' 2" (3.48m x 2.79m) With fitted carpet, uPVC double glazed window to the front elevation, wall mounted radiator and ceiling light.
Bathrooom Comprising of a panelled bath with a chrome mixer tap and a shower attachment over, low flush w.c., pedestal wash hand basin, vinyl floor covering, part wall tiling and fitted ceiling spotlights.
Agents note The Vendors have completed an extension to the lease taking the number of years to 165. This is currently formally being registered with Land Registry. Once complete the £178.00 per annum ground rent will drop to a 'peppercorn if demanded' amount.
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Monthly repayment
£500 per month
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More information
Tenure
Leasehold (165 years)
Service charge
£3,796 per year
Council tax band
B
Ground rent
£178
Ground rent date of next review
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