Investment Consideration:
Gross Initial Yield: 7.02%
Rental Income: £14,400 p.a.
VAT is NOT applicable to this property
Comprises 1-bedroom second floor flat with one garage
Double glazing and communal entrance with entry phone system
Nearby occupiers within 10 min walk include Sainsbury`s, Aldi, KFC and more.
Property Description:
Comprises 1-bedroom flat at second floor. The property has a double glazing and benefits from 1 garage, providing the following accommodation and dimensions:
Second Floor: 43 sq m (458 sq ft)
Living/Dining, Kitchen, 1 Bedroom, Bathroom
Tenancy:
The property is at present let on AST to an Individual for a term of 12 Months from 23rd March 2024 at a current rent of £14,400 p.a. Deposit held of £1,384.
Tenure:
Lond Leasehold. Held for a term of 110 years from 29th September 2001 at a ground rent of £125 p.a. and a Service charge of £1,312 p.a.
Location:
Forestdale is a residential neighbourhood of southeast London in the London Borough of Croydon. The property is situated in a quiet cul-de-sac location within walking distance of the local shopping parades in Selsdon Road and bus routes into central Croydon. Nearby occupiers within 10 min walk include Sainsbury`s, Aldi, KFC and more.
