Incredible 10.28% Gross yield! Developer funding remedial works for EWS1 form, one bedroom with parking at £1,200pcm!
Savills are delighted to present an excellent turn key buy to let investment option to the market. Offering a stunning 10.28% gross yield, this apartment is sure to appeal to the discerning investor.
Currently tenanted until September 2024, owner occupiers are welcome to enquire as vacant possession may be available following this date.
Briefly, the apartment comprises of an open plan living and kitchen area, positioned on the corner of the development allowing floods of natural light within.
The main bedroom is a well-appointed and practical space, whilst the apartment is completed by a modern three piece suite bathroom.
Externally, there is a parking space included in the purchase price in the gated development of Lamba Court.
Whilst there is no EWS1 form available, we have been provided with a lender comfort letter from the developer, advising remedial works are to be funded by them (no costs to leaseholders). Interested parties can enquire with the office for further information and a copy of the letter as required.
Disclaimer: This property has cladding, as far as we know the current position with the property is:
It's been tested and works are required however there are interim measures in place
* You should make enquires about the external wall system of the property, if it has cladding and if it is safe or if there are interim measures in place.
View payable Stamp Duty for this property
Great buy to let option, strong yield in a development always popular on the rental market. The inclusion of parking which is at a premium in the city is also a huge bonus.
Ryan GriffinProperty agent