Chain Free
Cash Buyers Only
Riverside Location, near Greenland Pier
63 Year Lease
Off Street Parking
Gas Central Heating
Double Glazing
EPC C
EPC Rating C
Leasehold
63 Lease Years Remaining
Service Charge £2,310 per annum
An investment opportunity in this modern 1990’s development with great yield potential.
Located on the 2nd floor this one-bedroom apartment offers generously proportioned accommodation comprising of a separate kitchen and reception, both with partial views of the river Thames. A bedroom with built in storage and a bathroom with white three-piece suite, and an electric shower (untested) over the bath.
It benefits from gas central heating (untested), double glazed windows all round and peace of mind with an EPC rating of C for the next 10 years. An the use of an allocated off-street parking space.
Based on a conservative lettings estimate of £1600 per month the gross yield is over 11%
The lease is current lease has just over 63 years remaining. The Leasehold and Freehold Reform Act 2024 is expected to abolish Marriage Value which creates a very interesting opportunity to acquire a short lease property that will benefit from significantly lower costs to extend once the act comes into force. More details can be found at www.gov.uk
Service charge £2,310 pa. reviewed annually
Lease Term 99 years From 30 August 1991
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IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
