Lorne Park Road, Town Centre

1 bedrooms £87,500

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View Particulars
  • Investment Property
  • Studio flat with separate kitchen
  • Town Centre
  • Council Tax Band A
  • Currently Let

Investors/Landlords - For this large first floor studio flat in the town centre. The property is set within a small block, close to Horseshoe Common and is currently let at £460pcm to a single tenant.

Landlords/Investors/Residential - Set on the first floor of a building block close to the shops and other amenities at Horseshoe Court. A large studio apartment with separate kitchen and terrace. .

Lettings Manager - This flat has been let t and the current rent is £460pcm . The tenancy is currently a rolling one which means it runs from month to month. This property will always be popular with people wanting to rent in the town centre and the balcony is great for bike storage.

The lease is 99 years from 1986 ( 68.25 remaining) and the ground rent and service charge are at £800p.a. Ground Rent £50 per AnnumThe block is undergoing major refurbishment at the momnet which has been paid for by the currrent leaseholder and the commercail property below.

A survey has been competed and estimate that a lease extension will be £6100/£6200 + Costs. The vendor may be in a position to serve notice if a potential buyer wishes.

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