Property Details: - Type: Flat - Bedrooms: 1 - Bathrooms: 1

Agent: Hull Gregson Hull - Portland Phone: 01305 248472

Cash Buyers Only | Tenant in Situ.<br/><br/>A Self Contained STUDIO APARTMENT situated on the ISLE OF PORTLAND.<br/><br/>The Apartment is positioned on the Second Floor with lift access and comprises a studio room and shower room. It has a large double glazed window allowing for plenty of natural light. The accommodation has a large OPEN PLAN feel and includes a modern fitted kitchen with a range of wall and base level units, the flooring is laid to a wooden LVT. <br/><br/>Completing the accommodation is a modern fitted SHOWER ROOM, containing a corner shower cubicle, low-level W.C and pedestal wash hand basin.<br/><br/>The property is situated in Maritime house, ideally positioned at the South of Portland. Nearby, there are pleasant walks along the coast line. The Island of Portland is a pleasant community and nearby Easton Square provides a range of shops and eateries. <br/><br/>The property is offered for sale with NO ONWARD CHAIN and has plenty of parking on site on a 'first come, first served' basis. <br/><br/>The current tenancy in place is a fixed term assured shorthold tenancy, the tenant is currently paying £625.00 PCM. This currently offers a gross yield of just over 8% per annum based upon a purchase price of £85,000.<br/><br/>*Due to the nature of the buildings construction, we advise that this property is only available to cash buyers only.<br/><br/><b>Living Space</b> - 6 x 4.87 (19'8" x 15'11") - <br/><br/><b>Lease Information</b> - The vendor has informed us that the property had a 140 Year Lease from 2020.<br/><br/>The Vendor has informed us that the Service Charge currently is circa £550.00.per year (subject to annual spend) : Ground Rent is £1.00 per year : Buildings Insurance is currently £225.00 per year, Plus Council Tax and utilities.<br/><br/>These details should be checked by your solicitor for accuracy.<br/><br/><b>Agent Notes</b> - This property is being sold with a tenant in situ. The current tenancy in place is a fixed term assured shorthold tenancy, the tenant is currently paying £575.00 PCM.<br/><br/><b>Additional Information</b> - The following details have been provided by the vendor, as required by Trading Standards. These details should be checked by your legal representative for accuracy.<br/><br/>Property type: Apartment<br/>Property construction: Standard Construction<br/>Mains Electricity<br/>Tenure: Leasehold, with a 140 year lease from new and 136 years remaining with a service charge of £550.00 per annum, buildings insurance is £195 per anum, No Pets, no holiday lets.<br/>Mains Water & Sewage: Supplied by Wessex Water<br/>Heating Type: Electric Storage Heaters<br/>Broadband/Mobile signal/coverage: For further details please see the Ofcom Mobile Signal & Broadband checker. <br/><br/><b>Disclaimer</b> - These particulars, whilst believed to be accurate are set out as a general outline only for guidance and do not constitute any part of an offer or contract. Intending purchasers should not rely on them as statements of <br/>representation of fact, but must satisfy themselves by inspection or otherwise as to their accuracy. All measurements are approximate. Any details including (but not limited to): lease details, service charges, ground rents, property construction, services, & covenant information are provided by the vendor and you should consult with your legal advisor/ satisfy yourself before proceeding. No person in this firms employment has the authority to make or give any representation or warranty in respect of the property.<br/><br/>