7 bed block of flats for sale

Basin Lane, Tamworth B77

** investor opportunity ** tenants in situ ** five apartments ** each with 980 years remaining on lease ** Current Rental income £46,872 Per Annum 7.81% Yield ** no chain ** popular development ** viewing advised **

webbs estate agents have the pleasure of offering this fabulous opportunity to purchase five tenanted and well-presented apartments, all with 980 years remaining on the lease term, there are 3 x one bedroom and 2 x two bedroom apartments built in 2005. Situated in a popular development within walking distance of Tamworth Town Centre and Train Station. Comprising a mix of one and two bedrooms, all with a modern kitchen and bathrooms. Externally, there is allocated and visitor parking with communal gardens and secure intercom access.

Agents Note

This is 5 apartments for sale located within a block of 24 apartments.

The leases all have 980 years remaining, and charges are as follows;
Apartment 10: Ground Rent & Service Charge: £1,553.62 per annum - EPC rating C - Council Tax Band - B
Apartment 14: Ground Rent & Service Charge: £1,017.58 per annum - EPC rating C - Council Tax Band - A
Apartment 16: Ground Rent & Service Charge: £1,017.58 per annum - EPC rating B - Council Tax Band - A
Apartment 17: Ground Rent & Service Charge: £1,144.78 per annum - EPC rating B - Council Tax Band - A
Apartment 20: Ground Rent & Service Charge: £1,496.08 per annum - EPC rating C - Council Tax Band - A