Property description

A spacious two bedroom apartment on the 5th floor of a Southwark council owned block on the border of Kennington Park - boasting two generously proportioned bedrooms, a large lounge (which has been converted into a separate room), a bright eat in kitchen/diner, a neutral bathroom with a practical separate WC and two balconies (one shared, one private). The private South-West facing balcony is 30ft long stretching across the whole of the property and can be accessed via both the lounge and the master bedroom with jaw-dropping views over Kennington Park and the surrounding area. The property offers ample storage throughout and the heating is included in the service charge ensuring the property is warm all year round. The property is currently let for £1730pcm (A gross 7.69% yield at the asking price) until 09/15 and is to be sold with the tenants. Situated on Otto Street, the property is equidistant, just 0.5 of a mile from both Oval & Kennington Underground Stations. Both are London Zone 2 with direct links into London Bridge, Leicester Square, Old Street & Kings Cross St Pancras in as little as 6 minutes. If you fancy a Barclays 'Boris' Bike into the city, you can pick one up at the docking station just south of world renowned Oval Cricket Ground just a 0.6 mile walk away. Oval and the neighbouring areas Stockwell & Kennington have quickly become a magnet for the trendy/chic/creative community of London, as all areas benefit from being within 2.5 miles of various admired landmarks such as Southbank, both Tate Galleries, popular theatres and an eclectic mix of high quality bars/restaurants. Lease: 112 Years Ground Rent: £10pa Service Charge: £2,788pa Council Tax: £942 (Southwark Band B) EER: C

Two Double Bedrooms