Dove House Meadow, Great Cornard, Sudbury, CO10

£225,000
  • 3 beds
  • 2 baths
  • 1 reception
or call 01787 479 947
Liam Riley
Halstead
halstead@leaders.co.uk

Key Features

  • Tenant In Situ
  • Yield in excess of 5% with potential for higher
  • Long term tenant who has been in property for 6 years
  • Spacious first floor apartment
  • Overlooking the River Stour
  • EPC Rating C

Description

*Tenant In Situ*



Welcome to this fantastic property offering a unique investment opportunity with an attractive leasehold arrangement. Situated in a desirable location with views to the front over the River Stour, this property boasts 107 years remaining on its lease, ensuring long-term value and stability for potential investors.



This spacious first floor apartment features a current ground rent of £240 per annum, providing a manageable overhead cost. Additionally, the property benefits from a service charge of £1,600 per year, ensuring the upkeep and maintenance of communal areas, enhancing the overall appeal of the property.



Generating a steady income stream, the property is currently tenanted with reliable occupants paying £885 per calendar month in rent. With a year-long tenancy in place, set to expire in April 2025, and a convenient 6-month break clause, investors can enjoy both security and flexibility in managing the property. The occupants have expressed a desire to stay and are willing to negotiate a rent increase at the 6 month mark.



If you're seeking a sound investment opportunity, this property offers the perfect blend of long-term value, financial stability, and tenant satisfaction. Don't miss out on the chance to make this property your own and reap the rewards of its enduring appeal. Schedule your viewing today!; Council Tax Band: C

  • SALES DISCLAIMER

    These particulars are believed to be correct and have been verified by or on behalf of the Vendor. However any interested party will satisfy themselves as to their accuracy and as to any other matter regarding the Property or its location or proximity to other features or facilities which is of specific importance to them. Distances and areas are only approximate and unless otherwise stated fixtures contents and fittings are not included in the sale. Prospective purchasers are always advised to commission a full inspection and structural survey of the Property before deciding to proceed with a purchase.

Handy Information

  • EPC
    unknown Rating
  • Council Tax BANDS
    £0.00 per month
  • Broadband Speed
    80 mbps
Calculate stamp duty online
£

Notes

The stamp duty calculator presumes that none (or part) of the property qualifies as mixed-use for which the current SDLT would be 3%.

Please note that this tool is an indicator only, your solicitor or tax consultant will advise you as to the actual stamp duty land tax that must be paid on completion.

All calculations are correct as of 1st October 2021, which are subject to change at any time

Click here for more information

Dove House Meadow, Great Cornard, Sudbury, CO10

£225,000
  • 3 beds
  • 2 baths
  • 1 reception
or call 01787 479 947
Liam Riley
Halstead
halstead@leaders.co.uk

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