INVESTMENT OPPORTUNITY CASH BUYERS ONLY within an EXCLUSIVE STUDENT DEVELOPMENT. Currently let for £745 per month giving a GREAT RENTAL RETURN of around 5.5%. This studio apartment is located on the ground floor in a superb location at the end of a quiet no through road close to city and is finished to a good standard.
PRIMROSELODGE Primrose Lodge is a prestigious student development of exclusive apartments available from private landlords and has a total of 30 units. The building benefits from a security entry phone system with CCTV and security lighting to ensure the ongoing high level of safety and security for the residence. Students are also supplied with a secure internal bike storage room with bike racks for the use of the residence along with a secure communal bin store. There is no parking available at the development.
OPENPLANKITCHEN/DINING/BEDSITTINGROOM15' 7" x 15' 2 max." (4.75m x 4.62m) Double glazed window to rear aspect over looks some of the communal gardens. Security entry phone system. In set spot lighting. Wood effect Vinyl flooring. Built in wardrobe with mirror facia. Ample power points. Smoke detector. Extractor fan. Wall mounted thermostat control unit. Kitchenette Area comprising of a stainless steel sink unit. Top and base units with work surfaces over. Integrated washing machine, fridge and two ring electric hob. Microwave stand.
SHOWERROOM Comprising of a shower cubicle. Vanity wash hand basin. Close coupled W.C. Electric heated towel rail. Inset spot lighting. Electric extractor fan. Cupboard housing pressurised hot water tank.
COMMUNALAREAS Primrose Lodge caters thoroughly for the communal needs of its tenants with a communal living room, which is shared with all residents within the block and has a sofa, table and chairs creating an ideal socialization area. There is also a study room which is a separate quiet room where desks and chairs are provided with power points and broadband connection points so students can work together without the hustle and bustle that may be present in the communal lounge, which happens to opposite this apartment. To the rear of the block is a communal garden laid mainly to lawn with shrubs, trees and borders which provides an outside space to study or just socialize with friends. Also provided for students is a large indoor, secure bike storage room and bin store.
LEASEDETAILS We understand the Lease was originally 250 years commencing from the 1st January 2016
Ground Rent: £250 per annum
Service Charge: £1032 per annum