Property description

Located upon Sunningdale is this modern development of apartments that has become available and would represent a fantastic opportunity to return yields of 6% or more (subject to rent reviews etc). The FIVE APARTMENTS are split into 3 of 2 Bedroom layout and 2 of 1 Bedroom layout. All apartments have parking rights on the adjacent parking area, and communal areas for waste etc. The development has been well managed and owned since its conception in 2008 and has a full occupancy on Assured Shorthold Tenancies, the most recent to move in has been there over 14 months indicating that its a great place to live and a great place to own as a rental opportunity. Call Gavin at Newton Fallowell for more information.

CURRENT RENTAL INCOMES
Apartment 1 - £350.00 - tenancy began 2/3/12 - could be increased potentially on a formal rent review to £375Apartment 2 - £425.00 - tenancy began 30/9/14 - could be increased potentially on a formal rent review to £450Apartment 3 - £450.00 - tenancy began 19/6/15 - could be increased potentially on a formal rent review to £475Apartment 4 - £325.00 - tenancy began 31/3/12 - could be increased potentially on a formal rent review to £375Apartment 5 - £440.00 - tenancy began 7/11/12 - could be increased potentially on a formal rent review to £475

APARTMENT SQUARE FOOTAGES
Apartment 1 - 422 sq feet - 1 BedApartment 2 - 717 sq feet - 2 BedApartment 3 - 717 sq feet - 2 BedApartment 4 - 422 sq feet - 1 BedApartment 5 - 606 sq feet - 2 Bed

OWNERSHIP COSTS
Taken over the last 2 Years, these costs are typically as follows: Maintenance of exterior / cleaning & weeding of car park and landscaped areas: £ 600Landlord\‘s Electricity supply (car park lighting £ 650Buildings Insurance £1,750 Total £2,850 Allowance for Repairs (Very little as the building is only 8 year\‘s old) £ 500 Total £3,350 Internal costs: Maintenance, Cleaning of common parts (Twice Monthly) £500 Fire safety and other similar costs / Communal lighting £400 Total costs - 44% x £3,350 £1,475Internal Costs £ 900 Total £2,375

ENERGY RATINGS
The apartments all have an energy rating of D.

Property Features :

• Investment Opportunity
• 5 x 1 & 2 Bed Apartments
• Sunningdale Development
• 6% Yield available
• Inc. Parking & Communal Areas