Property description

ATTENTION INVESTORS - Situated Close to local amenities and within easy reach of Leamington Spa town Centre, this well maintained, characterful yet neutral, 2 bedroom 1st floor apartment set within a victorian conversion benefits from a long lease, share of freehold and is ideal for investment purposes being available to purchase with the current single, professional tenant in situ producing immediate rental income post purchase.

Situated in highly popular North Leamington Spa, Guys Cliffe Avenue is a pretty tree lined wider street close to local shops/pub/amenities yet within a 15 minute (average) walk to Leamington Town Centre/Train Station. The lounge and 2nd bedroom of the apartment benefit from views across Guys Cliffe Avenue and Leamington Tennis Club.

The communal entrance and stairway with original moulded ceiling and spacious landing leads to just 4 of the total of 7 properties within the overall conversion. The apartment is located on the 1st floor at the front of the overall building benefitting from high ceilings and character features.
There is a private reception hall leading onto a modern breakfast kitchen with integrated oven, hob, extractor, washer dryer and free standing fridge freezer. The lounge benefits from sash windows, moulded ceiling cornice and picture rail.

The rectangular double bedroom includes a built in wardrobe with overhead cupboard. The second bedroom positioned to the front makes an ideal guest bedroom/study. The bathroom, refurbished by the current owner, is contemporary being white with chrome fittings and tiled floor/walls (partial) albeit retaining cornice ceiling. Gas Central Heating. EPC Rating D (62). Council Tax Band B-Warwick DC. Victorian style sash windows complimented by wood double glazing to the master double bedroom. There is a landscaped communal garden and 1 allocated parking space.


ACCOMMODATION DETAILS:

Communal Reception Hall & Stairway:-

Carpeted hallway, stairway with original hardwood handrail leading up to first floor spacious landing with landing storage. Moulded ceiling. A Georgian style panel wood front door with brass furniture leading to….

Private Reception Hall:-

Laminate flooring. Central heating radiator. Telephone point. Entry phone receiver.

Breakfast Kitchen (Rear): - 4.87m x 2.2m (16` x 7`3)

Refurbished by the current owner with a range of pear cupboard and drawer units with chrome handles to include a single stainless steel 1.5 bowl sink and drainer, black marble effect worktops and vinyl flooring. New-World DEF090 double stainless steel effect oven with accompanying gas hob, glass style splash back, kitchen extractor, Zanussi jetsystem turbodry 1200 WJS1265W washer dryer and Indesit freestanding fridge freezer. Ferroli gas wall mounted boiler with programmer. Sash window. 5 wall shelves. Original ceiling cornice. Radiator. Roller blind.

Lounge (Front): - 4.87m x 3.58m (16` x 11`9) into the front bay

With sash window, ceiling cornice and picture rail. Grey carpet. Radiator. TV and virgin media point. Curtains and curtain track.

Bedroom 1 (Rear): - 4.26m x 2.36m (14` x 7`9)

Radiator. 1 fitted wardrobe with overhead cupboard. Wood double Glazed window. Ceiling cornice and picture rail. Beige carpet. Curtains and curtain pole.

Bedroom 2 (Front): - 2.43m x 3.04m (8` x 10`)

Polished floor boards. Sash Window. Ceiling cornice and picture rail. Radiator. Roller blind.

Bathroom:-

Refurbished by the current owner with a white suite including panel bath with white tiled surround with black tiled edging. Chrome fittings. Shower fitting over bath with curtain and rail. Pedestal wash hand basin. WC. Black and white floor tiling. Extractor. White towel rail radiator. Chrome towel rail, toilet roll holder, toothbrush holder, towel holder. Glass and chrome shelf. Bathroom cabinet. Bathroom mirror.

Outside:-

The property is set behind a brick wall with various trees and shrubs having and in and out driveway providing car parking spaces with one space allocated to this apartment. There is a rear landscaped communal garden with lawn and shrubs.

Tenure:- The seller advises the property is leasehold with the original lease being 999 years from May 2005 i.e., approx. 989 years remaining although details have not been checked. All interested parties are recommended to consult with their solicitor.

Ground Rent:- Nil. The freehold is owned as shareholders by the 7 property owners within the overall conversion and the sellers share is included in the purchase price.

Maintenance Charges & Buildings Insurance:- The seller advises the current maintenance charge including buildings insurance and communal gardening service is £70pcm.

Possession:- The apartment was let 30/5/14 on an unfurnished basis with an assured shorthold tenancy currently generating a gross rental of £700pcm (£8400pa gross) with the current single professional tenant being on a rolling monthly (periodic) contract.

Fixtures & fittings:- The property is offered for sale with fixtures and fittings in situ as inventoried 27/5/2014 (the start of the current tenancy) less fair wear & tear. Landlords Gas Safety Certification and Electrical Fixed Wiring Certification are current. The water supply is metered.

Viewing:- By arrangement with the agents only. If you want to contact us during weekends or evenings, please call us on our out of office mobile number 07505 305308.


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.

Property Features :

• ATTENTION INVESTORS-Ideal investment purchase
• Situated in Highly Popular North Leamington
• Easy access to local amenities
• Long Lease and Share of Freehold
• Contemporary Kitchen Breakfast Room with Appliances