A Seventh Floor One Bedroom Flat Subject to an Assured Shorthold Tenancy Producing £23,400 Per Annum (Reflecting a Gross Initial Yield of 15.6%)

Accommodation

• Reception Room
• Kitchen
• Bedroom
• Bathroom

Full description

A seventh floor one bedroom flat situated within a purpose built building arranged over ground and seven upper floors. The property is held leasehold with a 124 year lease from 9th November 2007, leaving approximately 106 years unexpired. The accommodation comprises a reception room, kitchen, bedroom, and bathroom. The property benefits from a private balcony. The flat is situated on a residential road close to local shops and amenities. The open spaces of Minet Country Park are within easy reach. Transport links are provided by Hayes and Harlington underground station (Elizabeth line) and rail station. The property is subject to an Assured Shorthold Tenancy at a rent of £1,950 per calendar month, producing £23,400 per annum and reflecting a gross initial yield of 15.6%. Please note that when purchasing a flat with a short lease, in addition to the purchase price, if you wish to extend the lease to 90+ years or beyond, you will need to pay a premium to the freeholder. This is done by way of serving a Section 42 notice to the freeholder requesting a lease extension with a suggested price. The freeholder has the right to refuse the offer and submit a counter notice with their suggested price.

Location