Studio for sale

Frederick Street, Aldershot GU11

Situated in the heart of Aldershot, within walking distance to the town centre and Aldershot Railway Station, is this well presented ground floor studio flat, with its own sleeping area.

With a potential rental income of £1,000 per month, the approximate gross yield sits at 11% with the approximate net yield sitting at 6%, this could be a perfect buy to let property.

The lease currently stands at 80 years and will cost approximately £10,000 to extend. The service charge has recently risen to £471 due to planned works to the building (to repair the windows, replace the fire doors). This will be reviewed next year. Included in the service charge;
-Water rates
-Building insurance
-Maintenance of the building, gardens and car park
-Bin collection
-Adding to the sinking fund

Whether you are an investor or first time buyer, or looking to downsize, please do give us a call to arrange a viewing.