📈Investment Purchase, Saffron Walden

Property Details: • Type: Ground Flat • Tenure: LEASEHOLD • Floor Area: 474 sqft

Key Features: • 🟢 Investment Purchase • 🟢 Grade II Listed conversion • 🟢 Rent: £12,000 PA • 🟢 Gross Yield: 6.86% • 🟢 Recently Redecorated • 🟢 EICR valid for 5 years • 🟢 Allocated parking • 🟢 Visitor parking • 🟢 Walk to town center • 🟢 Chain free

Location: • Nearest Station: Audley End Station • Distance to Station: 2.553145155671344 miles

Agent Information: • Address: Elsenham, CM22 6LU

Full Description: 🔸<strong>Invest in Saffron Walden's Heritage</strong>🔸 <br /> <br />🔑<strong>The Spike</strong>🔑 <br /> <br />This is a rare chance to own a piece of Saffron Walden's history. The Spike was built in 1835 to 1836 as the town's Union Workhouse and later became St James' Hospital and then the Saffron Walden Community Hospital. In the late 1990s it was sympathetically converted into homes, and today it is a handsome Grade II Listed building. This well presented ground floor apartment keeps that character while offering light, well proportioned accommodation: a private hallway, a generous living room, a fitted kitchen, a double bedroom with built in wardrobe and a bathroom, with views over the well kept communal gardens. Outside there is an allocated parking space plus visitor parking, and the apartment is offered chain free. <br /> <br />📈<strong>Investment Details</strong> 📈 <br /> <br />Currently Tenanted: £12,000 PA <br />Service/Ground rent : £2,417.14 pa <br />Potential Yields: Gross: 6.86% Net: 5.48% <br />Tenure: Leasehold, 125 years from 1 February 1999, with approximately 97 years remaining. <br /> <br /> <br />📝<strong>Details</strong>📝 <br /> <br />🟢   Investment Purchase <br />🟢   Grade II Listed conversion <br />🟢   Rent: £12,000 PA <br />🟢   Gross Yield: 6.86% <br />🟢   Recently Redecorated  <br />🟢   EICR valid for 5 years <br />🟢   Allocated parking <br />🟢   Visitor parking <br />🟢   Walk to town center <br />🟢   Chain free <br /> <br />💬<strong>Why the current owners bought this house?</strong>💬 <br /> <br />"It was the history that made me buy this apartment. You feel it as soon as you walk up to the building. The beautiful brickwork, arched windows and high ceilings give it a character you just won't find in a new build. My tenants have loved living here over the years, and being on the ground floor, it opens straight out onto the gardens. It has been a real pleasure to own and I look forward to passing it onto the next custodians.    <br />  <br />📌<strong>Location</strong>📌 <br /> <br />The Spike sits within easy walking distance of the center of Saffron Walden, one of north west Essex's best loved market towns. On your doorstep are independent shops, cafés, restaurants and the regular market, along with a nearby supermarket and bus stop. Audley End House and its grounds are close by, and Audley End station has trains to London Liverpool Street and Cambridge, with the M11 within easy reach. <br /> <br /> 👍<strong>Follow @Blacksheepresidential on Instagram and Facebook to see properties before anyone else!</strong>👍