Property Information

A central City maisonette with accommodation over four floors and an off-road parking space, currently let and providing a 6% gross yield.

Utility Room & Cloakroom, Kitchen, Sitting Room/Bedroom Four, Master Bedroom En-Suite, Two Further Double Bedrooms, Family Bathroom, Allocated Off-Road Parking Space, Investment Opportunity

The Property:
Centrally located house without the burden of a garden, which would make an ideal rental investment or central City bolthole. The property is currently let on a room by room basis which provides a net income of approximately £1750 per calendar month/£21,000 per annum which is a 6% gross yield.

Tenure:
999-year lease commencing 1975, leaving 955 years remaining. Service charge of £510.77 twice per annum and an additional ground rent charge of £50.00 per annum.

Directions:
Proceed down North Walls following the road round into Union Street. Bear right into Friarsgate and first right into Lower Brook Street where the property can be found on the right-hand side.

Viewing:
Strictly by appointment through Belgarum Estate Agents (01962 844460).

Services:
All mains services are connected.

Council Tax:
Band C (rate for 2019/20 £1,523.69pa).