One of the Largest Studio Apartments in Portland House | 5-Year Tenant in Situ | 14.1% Gross Yield
An excellent investment opportunity to acquire one of the largest studio apartments within the sought-after Portland House development on The Kingsway, Swansea City Centre.
The property is currently let to a tenant who has been in occupation for approximately 5 years, paying £725 pcm (£8,700 per annum), providing an established rental income from day one and making this an ideal investment for a landlord seeking a property with a strong rental history.
Based on the current purchase price, the property offers an attractive 14.1% gross rental yield before ground rent, making it a particularly appealing investment opportunity.
Situated on the second floor, the spacious studio offers a generous open-plan living and sleeping area, contemporary fitted kitchen with integrated appliances and a modern shower room. Further benefits include gas central heating, double glazing, secure intercom entry and communal laundry facilities.
Ideally located in the heart of Swansea City Centre, within easy walking distance of shops, restaurants, Swansea Marina, the waterfront and excellent transport links.
A rare opportunity to acquire one of the larger studios in Portland House with a long-standing tenant and strong rental return. 979 years remaining on the lease EPC rating: C. Council tax band: B, Tenure: Leasehold, Annual ground rent: £100, Annual service charge: £2507.74, Service charge description: Bi annually £1253.87,
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither Belvoir nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
Belvoir and our partners provide a range of services to buyers, although you are free to use an alternative provider. We can refer you on to The Mortgage Advice Bureau (MAB) for help with finance/mortgages/insurance. We may receive a fee of up to £500 (incl VAT) if you take out a mortgage through them. If you require a solicitor to handle your purchase, we can refer you on to a number of local solicitors. We may receive a fee of up to £150 (incl VAT) if you use their conveyancing services. If you require a survey, we can refer you to Structural Surveys UK, and we may receive a fee of £60 (incl vat) if you use them. For more information, please speak to a member of the team.
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