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2 Bed Flat/Apartment for Sale in Sutton..2 Bed Flat/Apartment for Sale in Sutton.. - 2

2 Bed Flat/Apartment for Sale in Sutton..

Location United Kingdom Date Added: 25.04.2015 at 08:26 Expiration Date: 27.06.2031 at 12:58 Page Views: 400 Listing ID 232579

Technical data

Purpose
Sale
Bedrooms
2
Floor
1

Description

INVESTMENT OPPORTUNITY!!! A TENANTED PROPERTY PRODUCING A 9.5% PA RETURN ON INVESTMENT. A contemporary apartment situated in a popular development in Walmley, Sutton Coldfield providing a long-term rental opportunity for an investor.

This 2-bedroom penthouse-style apartment is located on the second floor of the building and has the added benefit of the loft space and storage cupboard. Built by David Wilson Homes in 2001, this contemporary apartment within a popular development in Walmley offers high quality accommodation with a sitting tenant of over 2 years.

The property briefly comprises of entrance hallway, large lounge/dining area, fitted kitchen (with oven, hob, extractor, washer-dryer and fridge freezer), 2 double bedrooms and a well-fitted bathroom. The property also benefits from having economy 7 storage heating and double glazing.

This is an ideal buy to let investment giving an annual return on investment of 9.5% after costs. The rental income is currently £650 pcm with a long-term tenant in place. We are advised by the current owner that the Ground Rent charges are £175 per annum and the Service Charges are £1,100 per annum.

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