Description
** AMAZING VALUE GROUND FLOOR STUDIO FLAT IN ST ALBANS, CLOSE TO CITY CENTRE, TRAIN STATION AND COLLEGE ** EXCELLENT RENTAL PROSPECT **
This well-positioned ground floor studio apartment presents an excellent opportunity for investors, ideally located within easy walking distance of St Albans City Centre and the mainline railway station. Offering just over 300 sq ft of living accommodation, the property enjoys a pleasant outlook and represents an attractive proposition for both landlords and investors. The property is held on a 99-year lease with approximately 56 years remaining. With the relatively short lease, there may be potential to add significant value through a future lease extension, subject to the usual terms, costs and eligibility. Alternatively, the property could make an appealing rental investment, with its convenient location and proximity to the city centre and railway station offering strong appeal to prospective tenants. With its combination of location, manageable size, rental potential and possible future value enhancement, this studio represents an interesting investment opportunity in the highly sought-after St Albans market.
INSIDE COMMUNAL ENTRANCE
With security door and intercom system
ENTRANCE
Front door to:
LIVING AREA 14'5 X 12'0
Double glazed window to front, 2x electric heaters, open plan living/bedroom area, open to
KITCHEN AREA 10'10 X 5'8
Double glazed window to rear. range of fitted wall and base units, sink unit, space for appliances, fitted filter hood, laminate floor.
HALLWAY
Airing cupboard, separate storage cupboard
BATHROOM 6'0 X 5'0
Double glazed window to rear, panel bath with shower and shower screen over, sink unit, WC, part tiled.
OUTSIDE
COMMUNAL GARDENS
Laid to lawn
PARKING
Car park to rear, please review the legal pack to see any parking rights for residents or visitors.
LEASE DETAILS The property is subject to a 99 year lease with 56 years remaining. Service charges & Ground Rent: Our client has been unable to provide this information to us because they are an Asset Management Company with limited knowledge of this property. Because of this we are unable to provide figures relative to the current charges that may be applicable to this property.
SERVICES No appliances or services have been tested
Tenure: Leasehold
Lease Details: 99
EPC Rating: D
Important Notice to Prospective Buyers
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Buyers Premium
£2400 (£2000 plus vat)
Administration Charge
£1140 (£950 plus vat)
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- Unconditional (Immediate Exchange)
Call the team on 0333 358 2245 for more information
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