Block of flats for sale in St Rumbolds Lane, Buckingham MK18, £565,000

565,000.00

Offer Nr.:
62555647
Type of ad:
for Sale
Property type:
Block of flats
Contact name:
Blue Alpine Partners
Phone(s):
020 3641 9157

* Comprises 5 en - suite studios with kitchenette, double bed, TV, desk and bathroom
* Discounted price due to uncomplete works on two of the studio flats
* Includes 2 en - suite studios under construction with most of the structural works
* Erv once completed: £74, 280 p. a.
Investment Consideration:
Rental Income: £52, 680 p. a.
Erv once completed: £74, 280 p. a.
Discounted price due to uncomplete works on two of the studio flats
Comprises 5 en - suite studios with kitchenette, double bed, TV, desk and
bathroom
Includes 2 en - suite studios under construction with most of the structural
works done
Conveniently located between Buckingham City Centre and The University of
Buckingham
Property Description:
The property comprises 5 newly refurbished studio flats and additional 2
studio flats under construction. Each of the 5 studios comprises kitchenette,
double bed, TV, Desk and Shower Room/WC.
Studio 1: 14. 2 sq m (153 sq ft)
Double Bed, Kitchenette, TV, Desk, En - suite
Studio 2: 13. 5 sq m (145 sq ft)
Double Bed, Kitchenette, TV, Desk, En - suite
Studio 3: 13. 8 sq m (149 sq ft)
Double Bed, Kitchenette, TV, Desk, En - suite
Studio 4: 13. 0 sq m (140 sq ft)
Double Bed, Kitchenette, TV, Desk, En - suite
Studio 5: 16. 3 sq m (175 sq ft)
Double Bed, Kitchenette, TV, Desk, En - suite
Under Construction
Studio 6: 13. 5 sq m (145 sq ft)
Studio 7: 13. 5 sq m (145 sq ft)
Tenancy:
Studio 1 is let on AST to an Individual for a term of 12 Months from 14th
December 2022 at a current rent of £10, 200 per annum.
Studio 2 is let on AST to an Individual for a term of 12 Months from 9th
December 2022 at a current rent of £10, 200 per annum.
Studio 3 is let on AST to an Individual for a term of 12 Months from 24th
October 2022 at a current rent of £10, 800 per annum.
Studio 4 is let on AST to an Individual for a term of 12 Months from 4th
January 2023 at a current rent of £10, 080 per annum.
Studio 5 is let on AST to an Individual for a term of 12 Months from 30th
September 2022 at a current rent of £11, 400 per annum.
Studio 6 erv of £10, 800 per annum upon completion.
Studio 7 erv of £10, 800 per annum upon completion.
Location:
Buckingham is a market town in north Buckinghamshire, England, close to the
borders of Northamptonshire and Oxfordshire. Buckingham has a variety of
restaurants and pubs, typical of a market town. It has a number of local
shops, both national and independent. Market days are Tuesday and Saturday
which take over Market Hill and the High Street cattle pens. The property is
located within short walk from the High Street which occupies retailers such
as WHSmith, Lloyds Bank, Barclays, Ladbrokes, Domino`s Pizza and many more.
Proximity to the University:
The property is situated 4 minute walk from the University of Buckingham.

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