£65,000
(£77.38/sq. ft)
Block of flats for saleCornmarket, Penrith CA11
840 sq. ft
About this property
Investment Consideration:
Gross Initial Yield: 8.31%
Rental Income: £5,400 p.a.
Asset management opportunity
Flat under rented, erv: £8,400 p.a. Giy: 12.92%
VAT is not applicable to this property
Comprises 3-bedroom flat at first, second and third floor
Cornmarket has a good trading position in the town and benefits from a range of occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
Property Description:
Comprises 3-bedroom flat arranged at first, second and third floor, providing the following accommodation and dimensions:
First/Second/Third Floor Flat: 78 sq m (840 sq ft)
3 bedrooms, kitchen/living room, bathroom
Tenancy:
The flat is at present let on a periodic tenancy to an Individual at a current rent of £5,400 p.a. Deposit held of £450.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
Gross Initial Yield: 8.31%
Rental Income: £5,400 p.a.
Asset management opportunity
Flat under rented, erv: £8,400 p.a. Giy: 12.92%
VAT is not applicable to this property
Comprises 3-bedroom flat at first, second and third floor
Cornmarket has a good trading position in the town and benefits from a range of occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
Property Description:
Comprises 3-bedroom flat arranged at first, second and third floor, providing the following accommodation and dimensions:
First/Second/Third Floor Flat: 78 sq m (840 sq ft)
3 bedrooms, kitchen/living room, bathroom
Tenancy:
The flat is at present let on a periodic tenancy to an Individual at a current rent of £5,400 p.a. Deposit held of £450.
Tenure:
Long leasehold. To be held on a 999 year lease from completion at a ground rent of peppercorn.
Location:
Penrith is a popular market town on the fringe of the Lake District National Park adjacent to junction 40 of the M6 motorway, and the A66 Trans Pennine Trunk Road interchange; has a railway station serving the main West Coast Line between London and Scotland. Cornmarket has a good trading position in the town and benefits from a range of national occupiers having a presence in the immediate vicinity including Domino`s, Betfred and Vision Express.
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Monthly repayment
£325 per month
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