1 bedroom apartment for sale
Key information
Property description & features
- Cash Buyers Only
- Investment (8.57% gross yield)
- Fully Furnished
- Admiralty Quater
- Close To Gunwharf Quays
- Communal Garden
- Train Station & Motorway Access
- Close To Amenities
Upon entry, a spacious entrance hall welcomes you, complete with a handy cupboard housing a washer/dryer and immersion tank. The generously proportioned bathroom is a sanctuary of luxury, featuring a heated towel rail, a refreshing bath with an overhead shower, and a stylish basin. The expansive double bedroom boasts built-in wardrobes, seamlessly combining style with storage convenience.
The true highlight of this property is the open-plan lounge/kitchen area, adorned with sleek laminate flooring and bathed in the glow of spotlights. The well-designed kitchen showcases a free-standing fridge-freezer, effortlessly blending convenience and style. Large double glazed windows frame stunning views of communal gardens, while the lounge opens up to patio doors leading to the Juliet balcony-an ideal spot for soaking up the sun throughout the day.
Currently occupied by a reliable tenant with a fixed-term contract, this property yields a monthly rental income of £1,100 (8.2% gross yield). The tenancy agreement extends until June '24, presenting a lucrative opportunity for cash buyers. Property is currently advertised for £1150pcm (8.57% gross yield).
Please note that the property is let fully furnished, adding an extra layer of convenience to both landlord and tenant.
This exceptional investment harmoniously blends opulent living, attractive rental returns, and a prime location within the revered Admiralty Quarter. Whether for investment or personal enjoyment, this property offers a modern lifestyle that should not be missed. Seize the chance to claim this sleek and contemporary residence as your own.
Secure gated parking can be rented for £80per month, through the management company.
LEASEHOLD INFORMATION Service Charge - £1867.38pa (water bills included)
Ground Rent - £150pa
Years Left On Lease - 140
Please note that Martin & Co have not checked or verified the lease terms or the service charge/ground rent costs. The information provided above has been provided to us from the Seller. Your solicitor will check all of the above during the conveyancing process and you should only rely on information provided by them when making the final decision as to whether to buy any leasehold property.
Property information from this agent
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Property reference 100667005285. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by Martin & Co - Portsmouth.
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Broadband availability and predicted speed: obtained from Ofcom on March 3, 2022
Broadband speed is measured in megabits per second, with the number returned showing how fast the connection is. Each reading is based on the highest predicted speed of any major broadband network for services that deliver the download speeds. The following are the different readings that we may display:
Basic: Up to 30 Mbit/s
Super-fast: Between 30 Mbit/s and 300 Mbit/s
Ultra-fast: Over 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on March 3, 2022
Mobile signal predictions are provided by the four UK mobile network operators: EE, O2, Three and Vodafone. Predictions can vary significantly from the coverage you may actually experience as a result of local factors (especially terrain). Ofcom has tested the actual coverage provided in various locations around the UK to help ensure that these predictions are reasonable. The values shown against a property can be broken down as follows:
Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
Enhanced: Full bars, likely to have good coverage indoors and to receive an enhanced data rate to support multimedia services
Energy Performance data and Internal floor area: obtained on February 24, 2018 from The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.
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