Opportunity To Purchase Lease On A One Bed Apartment With Covenanted Tenant Producing A Current Yield Of 10.06%
Lease for sale on a 1 bed apartment with a covenanted tenant that attracts a yield of 10.06% @ Asking Price (correct at 8 April 2011). Situated on the marina within the historic port Town of Milford Haven, a purpose built modern apartment with double glazed windows affording views over the marina, gas fired central heating system, intercom access via security door and car parking close by. The marina is to undergo major financial investment which is due to start in Spring/Summer 2011. Apartments on the marina are sought after with a list of tenants always seeking to rent on the marina.
The apartment is situated on the first floor and is approached via a security intercom opened rear door and the communal staircase gives access to the wood side door which opens into;
6'8 (2.03m) x 3'11 (1.19m). Radiator, doors opens into;
12'9 (3.88m) x 10'9 (3.27m). Double glazed window to rear, radiator.
OPEN PLAN KITCHEN/LOUNGE
18'8 (5.69m) x 17' (5.18m). Double glazed window to side, double glazed 'French doors' to front affording views over the marina, range of wall and base units with stainless steel sink and complementing worktop over, inset gas hob with built under electric oven, freestanding washing machine, fridge and microwave, central heating boiler cupboard housing 'Valliant' wall mounted gas fired central heating boiler, two radiators, intercom point, laminate floor.
7'3 (2.21m) x 5'8 (1.73m). Double glazed window to side, tiled shower cubicle with mixer shower valve, pedestal wash hand basin, close coupled W/C, radiator.
SERVICES: Mains water, electricity, gas and drainage are connected. (Subject to verification).
LEASE: To be confirmed.
SERVICE CHARGES:£446.16 for 2011/12. GROUND RENT:£481.12 for 2011/12
COUNCIL TAX: Band C £803.96 2010/11
VIEWING: Contact Brett Property on 01646 663951 for viewing arrangements.
SAT NAV: SA73 3AH
DRAFT DETAILS: Whilst all care is taken in the preparation of this draft details, they have not been verified by the landlord.
From our Office proceed along the marina keeping the water to the left hand side and Vanguard House is on the right hand side just after Marthas Vineyard. Proceed around the back and access via security door, up three flights of stairs and the property is on the left hand side.