**Unsold, the last bid was £16,000. Please refer to Auctioneer for Reserve**
A Two Bedroom Second Floor Flat Subject to an Assured Shorthold Tenancy Producing £3,120 per annum
The property comprises a second floor two bedroom flat situated within a purpose built building arranged over ground and four upper floors.
Leasehold. The property is held on a 125 year lease from 01/04/1986 (thus approximately 92 years unexpired).
The property is situated on a residential road close to local shops and amenities. The open spaces Albany Park are also within close proximity. Transport links are provided by the nearby A194(M) motorway which links to the A1(M) motorway.
Bathroom with WC and wash basin
The property benefits from communal gardens and a garage.
The property is subject to an Assured Shorthold Tenancy for a term of 12 months commencing 28/06/2018 at a rent of £260 per month (rolling).
Yield of 17%+
Current Rent Reserved
Current Rent Reserved £3,120 per annum
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Administration Charge - Purchasers will be required to pay an administration fee of £900 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.