A spacious first floor apartment with a lease extension in progress, available to buy with no onward chain complications. Having been rented for a number of years in a popular central Aldershot location, this property would make an excellent first time residential purchase, first time investment or addition to an existing portfolio.
The accommodation offers a great amount of space, including a large living room, separate kitchen, two double bedrooms each with ample fitted wardrobes and a bathroom. Externally there is an allocated parking space and a shared communal garden for residents to enjoy.
The lease is currently 64 years, with an extension option returning the lease to 125 years could be included in the sale for an additional £30,000 added to the sale price. Or the purchaser can buy it as it is. There is an extremely fair annual service charge of £800, and the ground rent is £100 per annum (reviewed annually).
A note for investors: Depending on the level of refurbishment undertaken, this property would achieve between £1,200 - £1250 pcm, It was rented £1200 previouly. creating a potential gross yield of 9.6%.
These particulars have been made in good faith based on the information available to us at the time of writing. Prospective viewers should undertake their own due diligence. EPC rating: C. Council tax band: C, Tenure: Leasehold, Annual ground rent: £250, Annual service charge: £800,
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