A well-presented property that has been refurbished to a good standard inside and is currently tenanted. The tenants are paying £625 pcm, with the potential to increase the rent to £700 pcm upon review, thereby boosting the yield. Ideally located close to the seafront and amenities, this property offers both convenience and strong investment potential. With the anticipated increase in value factored in, it is a great addition to any portfolio.

- Factor fees: £300 per year
- Ground rent: £30 per year
- Lease length: 125 years

The financials:
▪ Purchase price: £67,000
▪ GDV: £110,000
▪ Annual profit: £3,038
▪ ROCE: Infinite
▪ Yield: 7%

Sourced endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and are not to be relied as statements of representation or fact. The selling agent may or may not be the sole agent and will provide confirmation upon request. Any services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency given. All measurements have been taken as a guide and are not precise, please be aware some of the details may be waiting vendor approval. If you require confirmation or further information, please contact the selling agent. Fixtures and fittings are to be confirmed with the seller and not relied upon when listed. Sourced are not responsible for any loss of monies due to the purchase or purchase process with any property listed.