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  • Picture5
  • LIVING SPACE 2
  • lIVING SPACE 3
  • LIVING ROOM
  • LIVING SPACE   Copy
  • KITCHEN 1
  • KITCHEN 2
  • SHOWER

1 of 8

This 1 bed apartment/studio is available with a tenant in situ and a current managing agent who has been recommended by the current landlord. The locality of the property is less than a 5-minute walk to the centre of town and a 10-minute walk to the hospital. These types of rental properties are sought after and don’t often become available to rent due to tenants staying long term.


Price:

£87,500.00

Gross Rent:

£5,940.00

Gross Yield:

6.7%

Tenancy Status: Tenanted

Tenure: Leasehold

Furnishings: Unfurnished

The Property

Bedrooms
Bedrooms: 1
Bathrooms
Bathrooms: 1
Public Rooms
Public Rooms: 1
Furnishings
Unfurnished
Size
322

Tenant profile

  • Current tenant is a nurse who works at the local Hospital, many tenants in these types of properties we are told work for the local Hospital. The tenant has been there for around 2 years already and is more than happy at the apartment. The letting agent has contacted the tenant to reassure her regarding the sale process and she is comfortable with everything.
  • There is a rolling contract currently as the original tenancy started on November 2020 for 12 months and has now expired. The option is there for a new landlord to look for a new tenant at a higher rate or to renegotiate the rent with the current tenant.

Current letting agency 

  • Clem Woodward Ltd
  • Letting & Management Agent
  • The Clem Woodward team has a combined experience of over 100 years in the property industry and has maintained a close relationship with many of the major Landlords, Suppliers, Relocation Agents and Employers to ensure we are constantly arranging quality tenancies. Clem Woodward are members of ARLA property mark and ahead to their code of conduct.
  • Current tenancy agreement with agent – 8.5% + VAT management fee. Service charge and ground rent are around £750 per annum.


Specialists in selling tenanted property for investors and landlords.

Earn rental income right up to completion.

Avoid costly void periods.

No need to evict tenants and distrut lives.

We have 1000's of investors actively seeking tenanted properties.

Portfolio8 - Property Investment

Get a question?

Our hugely experienced sales team are here to help you.

Contact Us

If you would like further details about this investment opportunity, please contact us using the form below or call us directly.

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