* Leasehold
* Total Rental Income £1, 900 pcm / £22, 800 P. A
* 16. 89% Rental Yield
* Potential Rent; £2000 pcm / £24, 000 p. a
* Arranged As 4 Self Contained Studios Comprising Of Kitchenette & En - Suite
* Communal Gardens & Communal Parking
* Investment Opportunity
* Ready Made Investment Opportunity
* Lease Length Until 2184
* Ground Rent £100 p. a, Service Charge £1200 p. a
* Lanldord Pays For Council Tax, Water & wifi
**Description
**
The opa are pleased to present this exciting Multi Let Duplex Apartment
Investment, arranged as 4 self contained studio flats and is generating a
fantastic £22, 800 p. a / £1900 pcm
This property boasts a long lease of 160 years until 2184 and has been
converted into 4 self contained studios with kitchenettes and en suite shower
room and WC set in communal grounds with communal parking.
**Accommodation
**
Ground Floor: Common Entrance and Stairs to;
First Floor: Entrance Hall leading to;
Studio 1: Bedsitting Room with Kitchenette, En Suite Shower Room/WC.
Studio 2: Bedsitting Room with Kitchenette and En Suite Shower Room/WC.
Stairs to Second Floor, Landing with Fire Escape, Shared Kitchen with Washer
Dryer and Electric Cooker.
Studio 3: Bedsitting Room with Kitchenette, En Suite Shower Room/WC.
Studio 4: Bedsitting Room with Kitchenette, En Suite Shower Room and WC.
Outside: Communal Grounds and Parking.
**Location
**
Located in popular residential location, within walking distance of shops and
ameneties, the property and is ideally situated for easy access to a range of
local amenities, shops, schools, and public transport links.
**Tenure
**
The property is leasehold (current lease 99 years from 1986). A new 99 year
lease will be added to existing lease on completion.
The property is let on individual AST’s:
Flat 1 £475
Flat 2 £475
Flat 3 £475
Flat 4 £475
**Viewings
**
Please contact opa for viewings.
**Material information
**
The opa have taken reasonable precautions and exercised all reasonable due
diligence by asking the Seller of the Property to provide us in writing a
declaration of material information regarding a property to comply with the
Consumer Protection from Unfair Trading Regulations 2008. However, certain
information may be unavailable and/unknown. Any buyer must carry out their own
due diligence and rely on their own searches investigations and enquiries in
respect of all matters relating to their proposed purchase of this property,
to enable them to make an informed transactional decision before proceeding to
entering in to the exclusivity agreement on this property
**Council tax
**
Band A
**EPC
**
EPC –E
Material / Construction
Not known. Buyers should do their own investigations.
Property Type
Duplex flat
**Utilities
**
Mains elec, water, Sewage
**Heating
**
Electric heating
**Broadband
**
Ask agent
**Parking
**
Communal car park
any restrictive covenants? Any easements? Servitudes? Wayleaves? Any public
rights of way across property or boundaries?
Refer to property pack / Land registry title
any flooding in last 5 years
No
is the property listed?
**No
**
Confirm existence & nature of any known planning or proposals for evelopment
C3 Residential use
proerty accessibility – any step free access inc ramps/ lifts?
**No
any wet room/ level access shower
no
is the property known to be on A coalfield/ mining or directly impacted by
effect of other mining activity
not known
**
Leasehold properties only (lease length)
The property is leasehold (current lease 99 years from 1986). A new 99 year
lease will be added to existing lease on completion.
Leasehold properties only (ground rent)
£100 P. A
leasehold properties only (service charge)
£1200 P. A
** _Agent notes_ \ - cash buyers
**
Draft details, awaiting vendor approval.
Photos may be for illustrative purposes and may not be of the actual flat.
Images/ videos taken prior to tenants moving in. Buyers advised to view prior
to proceeding.
Title refers to garage. This has been knocked down.
**Buyers fee
**
Buyer's Fee of 2% of The Purchase Price. Minimum Fee £3000 and you will be
required to enter into an “Exclusivity Agreement” with the Seller, granting
you the Buyer the Exclusive right to purchase the property within the
exclusivity period.
(All fees inclusive of VAT). T&Cs apply.
Please request information pack, Buyer’s Guide & FAQs.
Upon offer acceptance you will not be required to exchange contracts, but will
be granted an “exclusivity period” in order to exchange and complete on the
transaction. This timescale will generally be 8 weeks, but will be specified
in the Exclusivity agreement.
This is a flexible and buyer friendly method of purchase. By signing the
Exclusivity Agreement and paying the Buyer’s Fee, this secures the transaction
and takes the property off the market.
Please note the Buyer’s Fee is a non - refundable unconditional Exclusivity Fee
in addition to the purchase price payable to the Agent upon offer acceptance.
The fee is not subject to a cooling off period and is non - refundable save in
accordance with the terms stated in the exclusivity agreement
By paying your fee, that amount may be considered as part of the chargeable
consideration for the property and be included in the calculation for stamp
duty land tax liability.
The opa’s “Secure It Now Exclusivity Package” – this is a legally binding
agreement between you are the seller. When the offer is accepted, the buyer
pays the Exclusivity Fee to the Agent and enters into an “Exclusivity
agreement with the Seller”, granting the buyer an exclusivity period, which is
usually upto 8 weeks to complete on the purchase of the property. During the
exclusivity period, the buyer has the exclusive right to purchase the
property, no other offers can be accepted and during this period buyer must
complete the sale transaction. If the buyer fails to complete in this period,
the fee is non - refundable.
This property is being offered under The opa’s “Secure It Now Exclusivity
Package”
This is an innovative secure and straightforward way to purchase this
property.
Here are the benefits for you:
• Secure your dream property straight away
• Similar to a “normal” or “conventional” sale with a few measures to protect
the buyer and the seller
• No competitive bidding
• No risk of being gazumped
• Minimises risk of fall throughs
Secure It Now Exclusivity Package - How does it work?
You can now secure the purchase with a buyer’s “Secure It Now Exclusivity
Agreement. By entering into the exclusivity agreement and paying the
Exclusivity Fee, this buys :
• A legally binding contract granting the buyer exclusive rights to purchase
the property within a given timeframe (usually 56 days / 8 weeks, however
please confirm seller’s required timescale)
• Paying the Exclusivity Fee ensures that the seller takes their property off
the market as soon as the sale is agreed and reserves it exclusively for you.
• This prevents the risk of gazumping
• helps you avoid losing money and wasting time which most buyers like you may
face with the traditional estate agent's approach.
• You get a fixed exclusivity period (approximately 8 weeks) to complete, safe
in the knowledge that you will not be gazumped or outbid by another buyer.
Step 1 - Register your interest
Step 2 - Sort out your finances / Carry out your due diligence/ Ask questions/
Get legal/ financial advice if required.
Step 3 - Arrange a viewing / Virtual Tour (If you require a viewing. If you do
not require a viewing and offer without a viewing, you are doing so at your
own risk)
Step 4 - Make an offer
Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity
package
Step 6 - Exchange and completion
Next Steps – Do Not Miss Out -
**Important notes
**
Buyers should carry out their own due diligence/ investigations and if
required seek independent legal/ financial advice.
The Exclusivity fee is a non - refundable fee and unless otherwise stated and
agreed in the special conditions of the Exclusivity Agreement, this is
unconditional, not subject to survey or valuation, lending or anything else.
The fee is not subject to a cooling off period and is non - refundable save in
accordance with the terms stated in the exclusivity agreement
money laundering regulations - Intending purchasers will be asked to produce
identification documentation at a later stage and we would ask for your co -
operation in order that there will be no delay in agreeing the sale. 2: These
particulars do not constitute part or all of an offer or contract. 3: The
measurements indicated are supplied for guidance only and as such must be
considered incorrect. 4: Potential buyers are advised to recheck the
measurements before committing to any expense. 5: All descriptions,
dimensions, references to condition and necessary permission for use and
occupation, and other details are given without responsibility and any
intending purchasers or tenants should not rely on them as statements or
representations of fact but must satisfy themselves by inspection or otherwise
as to the correctness of each of them; 6: No persons in the employment of The
opa has any authority to make or give any representation or warranty whatever
in relation to this property. No services, fixtures, fittings or appliances,
including central heating, have been tested by the Agent at the time of
printing. All references to parts of the fabric, material, decoration,
external or internal features or grounds of the property are made without any
warranty as to their conditions or effectiveness. Where definite checks have
been made, such results will be made clear at the appropriate place in the
particulars of sale. Every effort has been made by the Agents to obtain
accurate information from the correct sources. However, intending purchasers
and other readers are asked to make their own arrangements regarding
verification of any statements expressed in these particulars of sale.
Please be advised that this property may have been owned by the current seller
for under six months, or the seller may have the exclusive right to sell the
property. If you require any further clarification, please speak to a
representative of The opa.
Any reference to, or use of any part of the property is not a statement that
any necessary planning, building regulations or other consent has been
obtained. All photographs shown are indicative and cannot be guaranteed to
represent the complete interior scheme or items included in the sale. No
person in our employment has any authority to make or give any representation
or warranty whatsoever in relation to this property.
Misrepresentation Act 1967: The opa for themselves and for the vendors or
lessors of this property whose agents they are, give notice that: (1) These
particulars do not amount to, nor amount to any part of, an offer or contract.
(2) None of the statements contained in these particulars should be relied on
as statements or representations of fact, therefore all prospective purchasers
or tenants must satisfy themselves as to their accuracy.

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