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A Well Located Ground Floor Studio Flat Subject to an Assured Shorthold Tenancy Producing £25,200 Per Annum (Reflecting a Gross Initial Yield of 11.7%)
The property comprises a ground floor studio flat situated within a purpose built building arranged over ground and four upper floors.
Tenure
Leasehold. The property is held on a 150 year lease from 25th December 1964 (thus approximately 89 years unexpired).
Location
The property is situated in the highly sought after area of Highgate close to local shops and amenities. The open spaces of Hampstead Heath are within easy reach. Transport links are provided by Highgate underground station (Northern line).
Accommodation
Ground Floor Studio Room Kitchen Bathroom
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.