Virtual Freehold Block of Flats

Price £550,000 Available
  • Ideal Buy to Let Investment
  • Block of Three Apartments
  • Close to Train Station
  • All refurbished to a very high standard
  • Currently achieving £34,680 per annum
  • 6.30% Yield on Asking Price
  • Virtual Freehold

VIRTUAL FREEHOLD IDEAL BUY TO LET INVESTMENT CLOSE TO THE TRAIN STATION (entire block shown). Converted and refurbished to an extremely high standard in 2020 this partial block of three self-contained apartments would make an ideal buy to let investment due to their close proximity to Welwyn Garden City Town Centre, the business park and train station. All three apartments are let to professional individuals on Assured Shorthold Tenancies and are currently achieving a combined annual rent of £34,680 which is roughly a 6.30% return. NO ANNUAL MAINTENANCE CHARGE, PEPPERCORN GROUND RENT and 996 Year Lease.

Communal Entrance Hall
Via a video entry-phone system


Apartment One
Kitchen / Living Room: Double glazed window to front. Understairs storage cupboard. Door to:
Bedroom: Double glazed window to front. Door to:
En-Suite Shower Room.

Rent: £1,025.00 PCM

AST Expires: 20/09/2024


Apartment Two
Hall: Doors to:
Kitchen / Living Room: Double glazed window to front. Storage cupboard.
Bedroom: Double glazed window to front.
En-Suite Shower Room.

Rent: 9850.00 PCM

AST Expires: 17/01/2025


Apartment Three
Hall: Storage cupboard. Doors to:
Kitchen / Living Room: Double glazed window to front.
Bedroom: Double glazed window to front.
En-Suite Shower Room.

Rent: £915.00 PCM

AST Expires: 30/01/2025


Fixtures & Fittings

All flats have:

Fitted wardrobes and draws in bedrooms.
Kitchens are fitted and have integrated dishwasher, induction hobs, built in microwave, built in oven/grill and fridge/freezers.
Shower Rooms with corner shower cubicles, wash hand basins, low level W.C and extractor fan.
All flats gas have full wet underfloor heating, from gas fired combi boilers.
All windows are double glazed.
Oak floors, skirtings, architraves and doors throughout.
Full LED lighting.
Video Entry-phone System
All flats will be left with doubles beds, sofas, wall mounted dining tables and windows blinds.




Business Rates
Welwyn Hatfield Council, Band B

Lease Length
996 Years

Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Utility Supply Type
Electric Mains Supply
Gas None
Water Mains Supply
Sewerage None
Broadband None
Telephone None

Other Items Description
Heating Not Specified
Garden/Outside Space No
Parking No
Garage No

Broadband Coverage Highest Available Download Speed Highest Available Upload Speed
Standard 16 Mbps 1 Mbps
Superfast 80 Mbps 20 Mbps
Ultrafast 1000 Mbps 50 Mbps

Mobile Coverage Indoor Voice Indoor Data Outdoor Voice Outdoor Data
EE Enhanced Enhanced Enhanced Enhanced
Three Enhanced Likely Enhanced Enhanced
O2 Enhanced Enhanced Enhanced Enhanced
Vodafone Enhanced Enhanced Enhanced Enhanced

Broadband and Mobile coverage information supplied by Ofcom.


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