The Orton Centre is located just three miles from central Peterborough and within close proximity to the Lynch wood Business Park. The complex is located above shops and offers a range of facilities including a co-op supermarket.
Secure coded entrance, with stairs leading to first floor
Apartment Entrance Hall
Entrance hall into the apartment is fitted with carpet and has doors leading to lounge and stairs leading first floor
Open Plan Lounge / Kitchen 4.15 x 5.638 / 2.758 x 2.419 max (13'7" x 18'5" /
Lounge is fitted with carpet, three UPVc double glazed window to rear aspect, wall mounted radiator and television point.
Kitchen is fitted with a matching range of base and eye level units with worktop space over, stainless steel sink with mixer tap and single drainer, built in electric oven, hob and extractor hood over. Space for washer dryer and fridge freezer
Landing with fitted carpet, doors leading to master bedroom and bedroom two.
Master Bedroom 3.040 x 3.511 (9'11" x 11'6")
Double sized bedroom fitted with carpet, velux window to rear aspect.
Bedroom Two 2.567 x 3.511 (8'5" x 11'6")
Double sized bedroom fitted with carpet, velux window to rear aspect, storage cupboard.
Fitted with a three piece suite comprising of low level WC, pedestal wash hand basin and panelled bath with shower over. Vinyl flooring.
The vendor has informed us there is 125 year lease started from 2014.
The vendor informs us the Service Charge is and ground rent total at approximately £1500 per annum.
Based on a sale at £100k and potential rental income of £650pcm (please note that these figures are an illustration based on an average buy to let mortgage and deposit and actual costs may vary)
- 75% loan assuming standard BTL loan of 2.49% (interest only)
- Capital used £29,350 (including deposit, stamp duty and conveyance)
- Annual pre tax profit of £2,555 = 8.70% pre tax income on capital used (these assumptions include a maintenance estimate)
- Gross yield 7.47%
Every care has been taken with the preparation of these Particulars but complete accuracy cannot be guaranteed. If there is any point, which is of particular importance to you, please obtain professional confirmation, or alternatively ask us and we will verify the information for you. All measurements quoted are approximate. These Particulars do not constitute a contract or part of a contract