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**GUIDE PRICE £120,000 - £140,000**
**974 YEARS REMAINING ON LEASE**
**VIEWING DAY - CALL TO BOOK**
**BE SURE TO WATCH THE VIDEO TO SEE EVERYTHING THIS APARTMENT HAS TO OFFER**
Part of the historically significant Raleigh bicycle factory. The original building was converted in 2001 and this apartment is part of the sympathetic modern addition. Located on the 3rd floor the apartment has 2 generous double bedrooms and a large bathroom complete with over bath shower.
There is a open plan kitchen/living area with floor to ceiling windows and a juliet balcony allowing plenty of light into the main area in the apartment.
Great location a short walk to the city centre, approx 1 mile from the train station and approx 10 minute walk to the famous arboretum
The apartment also enjoys 1 allocated parking bay in the private gated courtyard
£zero ground rent. Service Charge average £2500/yr for the last 5 years
OFFERED CHAIN FREE this is a fantastic opportunity for first time buyers or investors. The apartment has been consistently rented for 20 years with no breaks in that time. Current rental income offers a 10% gross yield based on a £140k purchase price. As it is a rental property currently 2 pictures have been virtually staged alongside the original to demonstrate the art of the possible with this lovely apartment.
Tenure - Leasehold
Lease Length - 974 years remaining
Declaration of interest - property is owned by the agent's brother
Neil is an excellent estate agent. He does exactly what he says he will do from the beginning. The process was very straightforward and to the time scale first quoted. Neil has excellent communication skills and I would highly recommend his services. As my son summed it up - High St Estate Agents have one buyer and lots of houses but Neil has one house with lots of buyers and therefore gives the property the time and patience needed to ensure a successful sale.
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