A rare opportunity to acquire an successful Serviced Accommodation apartment in one of the most popular areas for short-stay accommodation in the country! This is the sort of opportunity that does not come by everyday. This property is currently configured as a serviced accommodation self-contained one bedroom flat that sleeps 4 people. It has smart access entry with wifi, Netflix and all the necessary fixtures and fittings to promote a truly 5* review.
Currently generating in excess of £12,000 pa
Current Yield 28.24% pa (based on purchase price of £42,500 and current income of £12,000 pa).
- Flat layout compromises of an open plan lounge, diner and kitchen. With a double bedroom and a Jack and Jill style bathroom, with dual access from the lounge and the bedroom.
- If rented normally as a fully furnished apartment this space would attract a rent of £500 per month (yield of 14.11% pa).
The current title is a long leasehold with 900+ years remaining. Ground rent is presently peppercorn. There are also low current service charges of circa £40 per month. The premises is on its own split.
Step 1: How to View the Property
Viewings are first done by way of viewing the 360Vu virtual tour available within this Zoopla listing. Alternatively, you can call us and request the 360Vu virtual tour link to be sent to you.
Step 2: We will request a few details of who you are in order to comply with Anti-Money Laundering Regulations (aml).
Step 3: We can set up a physical viewing for you.
Step 4: Once you've viewed - Quickly Reserve! A reservation payment will be requested and the opportunity will be taken off the market for you.
Step 5: We can recommend Lenders, Conveyancers / Solicitors, Builders, Property Managers - 360Vu covers all angels!
Property descriptions and related information displayed on this page are marketing materials provided by 360Vu. Zoopla does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions or related information provided here and they do not constitute property particulars. Please contact 360Vu for full details and further information.
Water consumption is based on average water usage for the predicted occupancy of the property based on the number of bedrooms.
Total annual consumption (in cubic meters) is then averaged into a monthly cost.
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The Council Tax cost displayed is based on the council tax band and on the basis of 2 adults living at the property. The monthly cost shown excludes any discounts and is rounded to the nearest pound.
Full information on Council Tax discount entitlements can be found on the Gov.UK's website.