2 pictures
Flat
·
for sale
£ 110,000
Updated
flat for sale
The Concourse WN8 Skelmersdale
· Flat
The Concourse WN8 Skelmersdale · Flat
PROPERTY DESCRIPTION Tenanted two-bedroom (one-bathroom) apartment for sale in Burscough, Lancashire. This property is being sold with a long-term tenant in situ, and represents an opportunity for a long-term, stable rental income on a hands-free, fully managed basis. The property is currently managed by a local lettings agent who have a good relationship with the tenant. Currently generates 700.00 per month in rental income. YIELD SUMMARY Annual rental income: 8,400 (700 pcm) Gross yield: 7.60% Annual ground rent: 100.00 Annual service charge: 1,692.00 Total annual outgoings: 1,792.00 Net annual income: 6,608.00 Net yield: 6.0% KEY INFORMATION Guide Price: 110,000 Current Rental Income: 700 pcm (8,400 pa) Gross Yield: 7.60% Net Yield: 6.00% Lease Remaining: 125 years EPC Rating: C Tenure: Leasehold Location: Burscough (Nr. Ormskirk), Lancashire WHY IT WORKS AS AN INVESTMENT Tenant already in situ immediate income from completion, no void period Strong gross yield of 7.60% against the
PROPERTY DESCRIPTION Tenanted two-bedroom (one-bathroom) apartment for sale in Burscough, Lancashire. This property is being sold with a long-term tenant in situ, and represents an opportunity for a long-term, stable rental income on a hands-free, fully managed basis. The property is currently managed by a local lettings agent who have a good relationship with the tenant. Currently generates 700.00 per month in rental income. YIELD SUMMARY Annual rental income: 8,400 (700 pcm) Gross yield: 7.60% Annual ground rent: 100.00 Annual service charge: 1,692.00 Total annual outgoings: 1,792.00 Net annual income: 6,608.00 Net yield: 6.0% KEY INFORMATION Guide Price: 110,000 Current Rental Income: 700 pcm (8,400 pa) Gross Yield: 7.60% Net Yield: 6.00% Lease Remaining: 125 years EPC Rating: C Tenure: Leasehold Location: Burscough (Nr. Ormskirk), Lancashire WHY IT WORKS AS AN INVESTMENT Tenant already in situ immediate income from completion, no void period Strong gross yield of 7.60% against the
£ 110,000