Key info
1Bedrooms
1Bathrooms
0 sqmSize
Property description
Strategy: Buy to Let
Studio apartment WITH PARKING SPACE in a purpose built apartment complex catering for students and medical workers. This pre-let studio apartment is ideally located for Royal Stoke University Hospital and Keele University and is a ideal opportunity as a buy to let investment.
One London Road is a modern development of purpose built investment apartments, with a range of on site facilities including, communal lounge, gym, court yard and garden, disabled access, bike storage and more.
This ground floor apartment includes an open plan living area with kitchen facilities and an ensuite shower room.
Located off the A34; a great location within Newcastle-under-Lyme for students and medical workers with the town centre (with bus terminal) within walking distance and links to major roads such the A500, A50 and M6 motorway.
Over 9% average yield!
Leasehold 125 years from 5 March 2021.
Ground rent £350 per annum.
Management fee 5.5% plus VAT.
Service charge approx £1200 per annum. Note the service charge is paid out of the assured rent period. Service charges are based on actual costs incurred in each quarter and pooled with other investors.
Rental income for academic year 2023/24 approx. Gross £8619 - £169 per week on a 51 week term, this year to be confirmed (before service charge, ground rent and management fee).
Council tax band A - students exempt.
Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.
Sourced reference: 164232572
Location
Disclaimer
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.
Sales Agent
Critchlow Estate Agents
Newcastle-under-lyme
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