Property description

Ideal investment opportunity the sale is subject to an under lease for a term of six years from 27th March 2013. Internally offering entrance hall lounge fitted kitchen 2 bedrooms & bathroom. Gas fired central heating Upvc double glazing. Communal areas and allocated parking space

Property Details
A purposely constructed ground floor APARTMENT one of six in this complex and ideally located in a respected residential locality convenient for the town centre and beach.The accommodation provides for an entrance hall, lounge, fitted kitchen and there are two bedrooms plus a combined bathroom with shower. Gas fired central heating is installed and principal windows have sealed unit double glazing set into white uPVC frames.The complex has a communal garden area and identified car parking space.TENURE: The Head Lease is held subject to the unexpired term of 999 years that commenced in 1983. The ground rent is fixed at £5 per annum.Communal parts are maintained under the guidance of the Laurels Maintenance Company. Costs concerning the maintenance of all communal parts will be part of the annual service charge. It is understood that the current years charge (14/15) is approximately £363.55 which will also include the premium to cover the buildings insurance.UNDER LEASE The sale is also subject to an Empty Homes Lease created between the superior landlord and New Linx Housing Trust. For a term of six years form 27 March 2013 the initial annual rent is £2648.13 plus the Head Lease service charge. The rent is set in consideration of refurbishment costs incurred by the tenant and amounting to £13775.00 (excl VAT). A copy of the Empty Homes Lease together with documented costs etc is available by prior appointment a the office of the selling agent.VIEWING: It must be appreciated that appointments to view must be by prior appointment (minimum 24 hours notice) and made via the office of the selling agent.

EPC
www.epcregister.com0968-2874-6253-9727-4821

Property Features :

• Ideal Investment Opportunity
• Subject to an Under Lease
• Ground Floor Apartment
• 2 Bedrooms
• Gas Fired Central Heating