Property Description

ALEXANDER AND CO **INVESTMENT BUYER ONLY** **110 YEAR LEASE** **APPROX 5.71% Gross Yield** **NO CHAIN**

We welcome to the market this well presented studio apartment offered for sale to an INVESTMENT BUYER ONLY. The property has a TENANT IN SITU and is marketed for sale with NO UPPER CHAIN.

The property is situated in a Cul-De-Sac location within the CLEVELAND PARK development, close to open green space.
Upon opening the front door you step into the 15' lounge / bedroom with two Upvc windows to the front At the far end you have an archway into the kitchen area with a Upvc window and airing cupboard. The inner hallway/dressing area has a storage cupboard and leads into a recently REFITTED bathroom, also with Upvc window. Outside the property has an allocated parking space.

Lease: 125 years from 1/1/06 - approx. 110 remaining
Service Charge: £20 Per Month - Owner Advised
Ground Rent: £20 Per Year - Owner Advised

CURRENT TENANCY DETAILS
Tenant in situ currently paying £595pcm. GROSS RETURN: 5.71%

Internal viewing is highly recommended through owner’s agents Alexander & Company

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