Spa Road, Spa Court, GL1

CASH BUYERS ONLY (No EWS1 report completed) 

NO EWS1 REPORT, HOWEVER VENDOR WILL PROVIDE SURVEY REPORTING NO CLADDING OR COMBUSTABLE MATERIALS PRESENT IN BUILDING 

IDEAL FIRST TIME BUY OR INVESTMENT

POTENTIAL RENTAL INCOME – £695 pcm 

GROSS YIELD – 9.00% pa

TENURE – Leasehold
LEASE LENGTH – 109 years remaining
GROUND RENT – £50 pa
SERVICE CHARGE - £1092 pa

COUNCIL TAX BAND – A
EPC RATING – C (Potential B)

A Buyer’s Reservation Fee may apply.

Our client has advised that there are 110 years remaining on the lease. the ground rent is £50 per annum and service charge £1092 p.a. Potential rent £695 per calendar month (£8,340 per annum), providing a gross rental yield of 9.00% is achievable based on price.

In our opinion, this 1 bedroom, first floor apartment would make an ideal investment opportunity or first time buy. The property is well built and modern throughout, with one double bedroom, bathroom comprising of a sink, toilet, bath with overhead shower, spacious open plan lounge and fully fitted kitchen.

Further benefits include a balcony, electric heating, electric oven and hob with extractor fan and double glazing. Situated within GL1, the property is within walking distance to a number of local amenities, including shops, restaurants, transport links and health services and is offered 'chain free'.

Please note, there is no allocated parking with the flat.
1. MONEY LAUNDERING REGULATIONS - Intending purchasers are required to produce ID documentation pursuant to The Anti Money Laundering Regulations 2007 and Proceeds of Crime Act 2002. We ask for your cooperation to ensure there will be no delay in the progression of the sale.
2. These conditions do not constitute part or all of an offer or contract.
3. The measurements indicated are supplied for guidance only and as such, must not be considered accurate or precise.
4. Potential buyers are advised to recheck measurements before committing to a sale.
5. MP has not tested any apparatus, equipment, fixtures, fittings or services. It is, therefore, the buyer's responsibility to check the working condition of any appliances.
6. MP is not required to verify the legal title of the property. Buyers are therefore expected to obtain such documentation from their solicitor.