Property description
***For sale by auction on 18th June*** ***Guide Price £90,000 - £120,000***A tenanted 1 bedroom flat situated in popular Greenbank. The property has the added advantage of a substantial garage that offers potential for residential development either as a separate dwelling or inclusion to the existing flat. The property would benefit from some cosmetic updating.
Possession
The property is sold subject to an existing 12 month AST expiring on the 16th February 2016. The tenant has lived at the property since the 17th August 2012.
Current Market Rent
Butlers Property, the current managing agents, have advised the current market rent is circa £650 PCM representing a potential yield in the region of 8% based on the lower guide price.
Property Features :
- Tenanted 1 bedroom flat
- Separate lounge and kitchen
- In need of cosmetic updting
- Courtyard garden
- Large Garage with potential for further development