Cheap Coastal Property – 16% Rental Yield
Fully Refurbished 1 Bed Flat BELOW £30k
Location – Fleetwood, North West
Price – £26,995
Key Investment Facts
- 1 bedroom apartment just yards from sea front
- Fully refurbished
- 16% NET rental yield
- New tenant moving in week commencing 15th April
- No service charge and £150 p.a ground rent
- No stamp duty
- Long lease
- Fully managed and hands off
This property is located just yards from the scenic beaches of Fleetwood, Lancashire and within touching distance of some of the major cities in the North West with access M55 and M6 motorways.
The block consists of 5 apartments which were converted roughly 10 years ago. The vendor has modernised the apartment throughout and now seeks to offload the newly tenanted property to a hands off investor at a rock bottom price!
999 year lease from 2008 and NO service charge and only £150 ground rent per annum.
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Please Note: Property values can decrease as well as increase. No express or implied income claims are made herein. Historic performance should not be taken as a guarantee of future performance. Leveraged property investment with mortgage finance can increase the risk of losing money as well as increasing the possible gains.
Sherwood Estate Agency Ltd uses all reasonable efforts to ensure that the property information published on the website and in the investment packs and elsewhere are accurate, current and complete at the date of publication; no warranties or representations are made or implied as to the accuracy of such information.