Standout Features
- Excellent Investment Opportunity
- Long-Term Tenant
- Rental Income £9,600
- Service Charges £1,100pa
- Ground Rent £10pa
- 62 Years Remaining on Lease
- Gas Central Heating
- Village Location
- Close to Local School
- Plenty of Storage
Property Description
ATTENTION INVESTORS
Martin & Co are delighted to offer to the market this 3 bedroom ground-floor apartment with excellent long-term tenant in situ, for sale as an ongoing investment.
Annual rental income of £9,600 with a gross yield on asking price of 7.68%.
Full maintenance and rental history available.
ENTRANCE HALL A wooden front door leads from the communal ground floor hallway into the main hall of the apartment.
Doors lead to all rooms.
Brown carpet and neutral walls.
Large storage cupboard and shelving area.
One radiator.
KITCHEN 10' 5" x 9' 10" (3.2m x 3m) Good-sized kitchen with plenty of room for a small dining table and chairs should you wish.
A range of red/wooden kitchen units with wood-laminate work surface.
Wood-effect vinyl flooring and neutral walls.
Double glazed window with side aspect.
Appliance spaces for oven and washing machine.
Vaillant gas boiler.
One radiator.
SITTING/DINING ROOM 18' 8" x 13' 1" (5.7m x 4m) Large living room with plenty of space for dining and seating areas.
Sliding patio doors and double glazed window with front aspects.
Brown carpet and white/purple/papered walls.
One radiator.
BEDROOM ONE 11' 5" x 10' 5" (3.5m x 3.2m) Good-sized double bedroom with front aspect double glazed window.
Built in wardrobe.
Brown carpet and blue/purple walls.
One radiator.
BEDROOM TWO 10' 9" x 9' 2" (3.3m x 2.8m) Double bedroom with side aspect double glazed window.
Built in wardrobe.
Brown carpet and cream papered walls.
One radiator.
BEDROOM THREE 8' 6" x 7' 10" (2.6m x 2.4m) Small double bedroom currently being used by tenant as a dining room. Built in wardrobe. Neutral walls and brown carpet.
Front aspect double glazed window.
One radiator.
BATHROOM Family bathroom with white suite including toilet, basin and bath with shower above.
Double glazed obscure glass window.
Tile-effect vinyl flooring and white tiled walls.
One radiator.
OUTSIDE To the right of the front door in the communal lobby is a lockable storage cupboard.
Parking is on street, but this is a no-through road with plenty of spaces.
Martin & Co are delighted to offer to the market this 3 bedroom ground-floor apartment with excellent long-term tenant in situ, for sale as an ongoing investment.
Annual rental income of £9,600 with a gross yield on asking price of 7.68%.
Full maintenance and rental history available.
ENTRANCE HALL A wooden front door leads from the communal ground floor hallway into the main hall of the apartment.
Doors lead to all rooms.
Brown carpet and neutral walls.
Large storage cupboard and shelving area.
One radiator.
KITCHEN 10' 5" x 9' 10" (3.2m x 3m) Good-sized kitchen with plenty of room for a small dining table and chairs should you wish.
A range of red/wooden kitchen units with wood-laminate work surface.
Wood-effect vinyl flooring and neutral walls.
Double glazed window with side aspect.
Appliance spaces for oven and washing machine.
Vaillant gas boiler.
One radiator.
SITTING/DINING ROOM 18' 8" x 13' 1" (5.7m x 4m) Large living room with plenty of space for dining and seating areas.
Sliding patio doors and double glazed window with front aspects.
Brown carpet and white/purple/papered walls.
One radiator.
BEDROOM ONE 11' 5" x 10' 5" (3.5m x 3.2m) Good-sized double bedroom with front aspect double glazed window.
Built in wardrobe.
Brown carpet and blue/purple walls.
One radiator.
BEDROOM TWO 10' 9" x 9' 2" (3.3m x 2.8m) Double bedroom with side aspect double glazed window.
Built in wardrobe.
Brown carpet and cream papered walls.
One radiator.
BEDROOM THREE 8' 6" x 7' 10" (2.6m x 2.4m) Small double bedroom currently being used by tenant as a dining room. Built in wardrobe. Neutral walls and brown carpet.
Front aspect double glazed window.
One radiator.
BATHROOM Family bathroom with white suite including toilet, basin and bath with shower above.
Double glazed obscure glass window.
Tile-effect vinyl flooring and white tiled walls.
One radiator.
OUTSIDE To the right of the front door in the communal lobby is a lockable storage cupboard.
Parking is on street, but this is a no-through road with plenty of spaces.
Additional Information
Tenure:
Leasehold
Ground Rent:
£10 per year
Service Charge:
£1,100 per year
Council Tax Band:
A
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Richmond Court, Ilchester
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