Varity House, Peterborough, PE1 5GW
- PROPERTY TYPE
Apartment
- BEDROOMS
2
- BATHROOMS
1
- SIZE
Ask agent
Key features
- Two bedroom ground floor apartment
- CASH INVESTORS ONLY - TENANT IN SITU
- 8.1% gross yield
- Stylish kitchen with appliances
- Modern living space
- En-suite shower room
- Off road parking
- Close to city centre
- NO ONWARD CHAIN
Description
INVESTORS ONLY - This two bedroom ground floor apartment offers a fantastic investment opportunity to CASH INVESTORS, with the property available with a TENANT IN SITU.
The accommodation comprises entrance hall, open plan kitchen and living area, main bedroom and en-suite shower room, second double bedroom and bathroom. Outside there is communal parking on site. The property benefits from electric heating and UPVC double glazing and is available for sale with NO ONWARD CHAIN.
INVESTOR/LEASE INFORMATION:
Tenancy: 12 months AST from 20th June 2023, with a 6 month break clause.
Rent: £775pcm.
Yield: 8.1% gross. 7.3% net, after service charge and ground rent.
Lease: Expires 31st December 2139.
Ground rent: £200 per annum until 31st December 2024.
Service charge: £743.30 annually.
Entrance Hall
5.53m x 0.98m - 18'2" x 3'3"
Entrance door, laminate flooring, electric heater, airing cupboard with hot water cylinder and plumbing for washing machine.
Open Plan Kitchen and Living Area
4.32m x 4.33m - 14'2" x 14'2"
Two UPVC double glazed windows to rear aspect, range of matching base and eye level units, worktop space, stainless steel sink and drainer with mixer tap over, integrated fridge/freezer, electric oven and hob, extractor hood, laminate flooring and eletric heater.
Bedroom One
3.29m x 2.65m - 10'10" x 8'8"
Panel window, electric heater and fitted carpet.
En-suite
1.66m x 1.89m - 5'5" x 6'2"
Three piece suite comprising shower enclosure, sink and pedestal and wc. Tiled flooring and electric heated towel rail.
Bedroom Two
3.16m x 2.58m - 10'4" x 8'6"
Panel window, electric heater and fitted carpet.
Outside
Ample communal parking on site to offer at least one space per apartment. Bin store and bicycle racks.
Tenure: Leasehold You buy the right to live in a property for a fixed number of years, but the freeholder owns the land the property's built on.Read more about tenure type in our glossary page.
GROUND RENTA regular payment made by the leaseholder to the freeholder, or management company.Read more about ground rent in our glossary page.
£200 per year (Ask agent about the review period)When and how often your ground rent will be reviewed.Read more about ground rent review period in our glossary page.
ANNUAL SERVICE CHARGEA regular payment for things like building insurance, lighting, cleaning and maintenance for shared areas of an estate. They're often paid once a year, or annually.Read more about annual service charge in our glossary page.
£743.3
LENGTH OF LEASEHow long you've bought the leasehold, or right to live in a property for.Read more about length of lease in our glossary page.
115 years left
Council TaxA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council tax in our glossary page.
Band: B
Varity House, Peterborough, PE1 5GW
NEAREST STATIONS
Distances are straight line measurements from the centre of the postcode- Peterborough Station1.8 miles
- Whittlesea Station4.4 miles
About the agent
Optimum Lettings & Property Management Ltd, Peterborough
44 Cowgate Peterborough PE1 1NA
Are you looking for an agent that offers a full service to include 3D tours and immersive floor plans, professionally enhanced photography, premium listings and full sales chasing through to completion? Look no further! Call us today on
01733 459132 to find out how we can help you sell your property today.
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