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A Third Floor Three Bedroom Flat Fully Let Producing £27,600 Per Annum. (Reflecting a 16.7% Yield)
The property comprises a third floor three bedroom flat situated within a mixed use parade arranged over ground and three upper floors.
Tenure
Leasehold. The property is held on a 250 year lease from 11th March 1997 (thus approximately 221 years unexpired).
By Order of the Executors
Location
The property is situated on a residential road close to local shops and amenities. The open spaces of Mitcham Common are within easy reach. Transport links are provided by Colliers Wood underground station (Northern line) and Tooting rail station.
Accommodation
Third Floor Reception Room Kitchen Three Bedrooms Bathroom
Exterior
The property benefits from a garage and residents parking.
Tenancy
The property is subject to individual tenancies producing a combined rent of £2,300 per calendar month.
Energy Efficiency Rating (EPC)
Current Rating C
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 £1,800 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Disclaimer: The map preview provided above is for general guidance only and may not accurately reflect the exact location or surrounding buildings. Prospective buyers and interested parties are strongly advised to independently verify the precise location and surroundings before bidding.