2 bedroom apartment for sale
Key information
Property description & features
- Tenure: Leasehold (46 years remaining)
- VIDEO VIEWING AVAILABLE
- Calling All Landlord Investors
- 2 Bedroomed 2nd Floor Apartment
- Extremely Modernised Throughout
- Sold Subject To Assured Shorthold Tenancy At £450 PCM
- Impressive 13.5% Investment Yield
- Sold With Short Lease
- CASH BUYERS ONLY
- Viewing Essential
CALLING ALL LANDLORD INVESTORS!
This is a very smartly presented and recently refurbished two bedroomed second floor flat located in Thorgam Court in Grimsby.
It comprises spacious living room, modern fitted kitchen, two bedrooms and stylish white bathroom.
Benefitting from electric heating and uPVC double glazing along with off-road parking.
Currently let on an Assured Shorthold Tenancy Agreement at a passing rent of £450 per calendar month this represents an excellent 13.5% investment return at the advertised price.
This property is currently Leasehold for a term of 99 years (less 10 days) from 1st February 1972 and therefore would not be mortgageable subject to the current lease and therefore would only appeal to cash buyers.
Rooms
Ground Floor
Entrance Hall
With stairs to second floor.
Second Floor
Living Room 5.05m x 3.04m
With electric heater. uPVC double glazed window unit.
Kitchen 2.98m x 2.31m
Fitted with a good selection of modern wall and base units incorporating a sink unit with drainer and mixer tap and having integrated electric oven, hob and extractor canopy. Plumbing for washing machine. uPVC double glazed window unit.
Bedroom 1 4.03m x 3.04m
With uPVC double glazed window unit.
Bedroom 2 3.04m x 2.35m
With uPVC double glazed window unit.
Bathroom
Fitted with an attractive white three piece suite comprising panelled bath (bath with shower over), pedestal basin and low-flush w.c. Airing cupboard containing the hot water cylinder.
Parking
There is allocated car parking for the use of this flat.
NOTE
Please note the photographs used were taken prior to the current tenancy.
Tenure
The property is currently subject to a 99 year lease (less 10 days) from 1st February 1972 with a ground rent of £20 per annum. Note this property would not be suitable for mortgage purpose with the current lease length, however the vendor of this property would have the right to a statutory 90 year lease extension for the payment of an additional premium. All interested parties are advised to make their own enquiries.
Service Charge
We understand from the vendor that a service charge is payable of £240 per annum. All interested parties are advised to make their own enquiries.
Broadband & Mobile Phone Coverage
Please use the following link to check the mobile phone and broadband coverage for this property.
Council Tax Band A
This information was obtained on the 26th February 2024 and is for guidance purposes only. Purchasers should be aware that the banding of the property could change if information is brought to light that makes it clear to the Valuation Office Agency that an error was made with the original allocation.
Additionally, there may be circumstances when the Council Tax can be altered on change of ownership.
All interested parties are advised to make their own enquiries. See
Sources Of Useful Information
Purchasers may find the following websites useful in providing additional information in respect of the property and the immediate surrounding area.
Mortgage Advice
We are pleased to be able to introduce Toni Cressey Mortgage Advisers who we recommend for Independent Mortgage Advice for any of our clients looking to purchase their first home, new home or investment property.
They have a team of advisers that are able to help and advise you on the most suitable mortgages available for you taking into account your own particular needs and circumstances. They will help and guide you through the whole mortgage and home buying process, ensuring best advice is given at all times. Buying a new home is one of the most important financial decisions you will make so it is vital that you get the help and advice you need at the earliest opportunity.
No fee is charged for this independent mortgage advice, which is provided under no obligation. There may however be a fee payable should you proceed with a mortgage application. The actual amount you pay will depend upon your own circumstances and requirements and typically our application fee will (truncated)
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Broadband availability and predicted speed
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:
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Super-fast: Between 30 Mbit/s and 300 Mbit/s
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Mobile phone signal availability and predicted strength: obtained from Ofcom on December 21, 2021
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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 December 11, 2019 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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