** ATTENTION INVESTORS ** SUPERB APARTMENT WITH TENANCY IN PLACE ** Set within easy walking distance to Oakham’s bustling town centre, train station and public transport is this modern top floor apartment, offering light and airy accommodation throughout; including an open plan living/dining room, modern kitchen, two spacious bedrooms and a three-piece bathroom. This lovely apartment comes with one allocated parking space, communal gardens and a useful cycle store. A 12-month tenancy is in place until 7th July 2022 let at £625 PCM providing a 5% return in investment after service fees paid.
As you approach the apartments, the entrance door leads you into the communal hallway with stairs leading to the top floor. A door then leads to a further hallway, where you find the private entrance to this apartment. On entering the apartment you have a porch area, which leads to the entrance hall. Once inside the property, you will find the modern fitted kitchen, with a range of free-standing and integrated appliances including a slimline dishwasher, washing machine, fridge/freezer and a gas four ring hob and a single electric oven. The light and airy living area has ample room for a dining table. The two bedrooms are a generous size and there is also a three-piece bathroom, with a fitted shower.
This property benefits from a 150 year lease granted in 2005 with approximately 134 years remaining. We are advised that the owner pays a yearly ground rent of £167.82. The management of the block is looked after by Encore Estates, the annual service charge is £1,131.80 for the period 1st January 2021 to 31st December 2021. Please contact Newton Fallowell, Oakham for further information.
The property is currently Let on an Assured Short hold Tenancy Agreement from July 2020 for a term of 12 months. The current tenant pays a rent of £625 per calendar month.