2 bed flat for sale

Queens Road, Aldershot GU11

A ready made investment for a first time landlord or seasoned portfolio investor with a tenant in situ. Available to buy with no onward chain and with rarely available share of freehold. The property is ideally positioned in central Aldershot near to the shops, amenities and travel connections. Newly renewed lease of 999 years with Share of Freehold.

The accommodation comprises an entrance hall, spacious living room and separate kitchen, bathroom and two bedrooms. Externally there is a shared garden for residents and on road parking with permits operated by Rushmoor Borough Council.

The property would benefit from modernisation to achieve top flight rent of circa £1,200pcm - works would include a new kitchen, bathroom, replacing the floors and redecorating throughout. However, the property is currently in fair condition with a long standing tenant paying £815 a month. Currently the property as it stands achieves a healthy 5.7% yield, with 8.4% gross yield available subject to scale of improvement works.

The property is available with vacant possession.

• Ground rent £0
• Service charge: £25 per month building insurance only
• Current lease: Share of Freehold with a recently extended lease to 999 years

N/B this property is on the first floor with no lift access.

EPC rating: C.