Portland Street
Leamington Spa
1Bedrooms1Bathroomsstudio
Price:£140,000
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Price:£140,000
Property details
Key features
- LEASE EXTENDED TO 189 YEARS FROM 1984
- IDEAL INVESTMENT OFFERING OVER 6% YIELD
- STUDIO APARTMENT WITH MEZZANINE LEVEL
- ONE ALLOCATING PARKING SPACE
- NO ONWARD CHAIN
Council Tax Band:
A
Tenure:
Leasehold
Ground Rent:
£150.00
Ground Rent Review Period:
Contact Branch
Annual Service Charge:
£1,416.00
Length of Lease:
147 years
Ideally located in the heart of Leamington Spa with the town centre on the doorstep, this modern studio apartment presents an excellent investment opportunity with a tenant already in residence.
The accommodation comprises an open-plan lounge and kitchen area, bathroom, and mezzanine level, offering a practical and contemporary living space. Externally, the property benefits from one allocated parking space and decked seating area.
The property also benefits from a lease extended to 189 years from 1984, providing long-term security and enhancing its investment appeal.
Currently let at a reduced rent of £735 PCM due to the property being marketed for sale, the apartment has an estimated market rental value of approximately £775 PCM, offering a great yield.
.
Available for sale with no onward chain, this centrally located apartment is ideally suited to buy-to-let investors seeking an established investment in a highly desirable Leamington Spa location.
Location
Situated in a highly desirable central Leamington Spa location, Portland Street offers the perfect balance of town centre convenience and residential charm. The property is within easy walking distance (approx. 0.4m) of the town's vibrant selection of independent boutiques, high street retailers, cafés, bars and restaurants, as well as the beautiful Jephson Gardens and other green open spaces. A range of well-regarded primary and secondary schools are located nearby, making the area popular with professionals and families alike. For commuters, Leamington Spa Railway Station is within easy reach, providing regular direct services to Birmingham, London Marylebone and other major destinations, while the A452, A46 and M40 motorway network are readily accessible. Combining excellent amenities, highly regarded schooling and superb transport links, this is an outstanding location in the heart of one of Warwickshire's most sought-after towns.
Lease Information
The property is leasehold and the lease has been extended to 189 years 1st September 1984. The lease extended is yet to update on Land Registry however a pending application is in place for this to be updated. This property is subject to management costs to include; an annual ground rent of £150.00 and an annual service charge £ 1416.00. Further information available upon request.
Buyer Aml Fee
Please note that the AML fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
The accommodation comprises an open-plan lounge and kitchen area, bathroom, and mezzanine level, offering a practical and contemporary living space. Externally, the property benefits from one allocated parking space and decked seating area.
The property also benefits from a lease extended to 189 years from 1984, providing long-term security and enhancing its investment appeal.
Currently let at a reduced rent of £735 PCM due to the property being marketed for sale, the apartment has an estimated market rental value of approximately £775 PCM, offering a great yield.
.
Available for sale with no onward chain, this centrally located apartment is ideally suited to buy-to-let investors seeking an established investment in a highly desirable Leamington Spa location.
Location
Situated in a highly desirable central Leamington Spa location, Portland Street offers the perfect balance of town centre convenience and residential charm. The property is within easy walking distance (approx. 0.4m) of the town's vibrant selection of independent boutiques, high street retailers, cafés, bars and restaurants, as well as the beautiful Jephson Gardens and other green open spaces. A range of well-regarded primary and secondary schools are located nearby, making the area popular with professionals and families alike. For commuters, Leamington Spa Railway Station is within easy reach, providing regular direct services to Birmingham, London Marylebone and other major destinations, while the A452, A46 and M40 motorway network are readily accessible. Combining excellent amenities, highly regarded schooling and superb transport links, this is an outstanding location in the heart of one of Warwickshire's most sought-after towns.
Lease Information
The property is leasehold and the lease has been extended to 189 years 1st September 1984. The lease extended is yet to update on Land Registry however a pending application is in place for this to be updated. This property is subject to management costs to include; an annual ground rent of £150.00 and an annual service charge £ 1416.00. Further information available upon request.
Buyer Aml Fee
Please note that the AML fee covers the cost of carrying out the required identity and anti-money laundering checks. Once these checks have been completed, the fee cannot be refunded, even if the property purchase does not go ahead.
Utilities, rights & restrictions
Expand
Utility Supply:
- ElectricityMains Supply
- WaterMains Supply
- HeatingElectric
- BroadbandADSL
- SewerageMains Supply
Rights & Restrictions:
- Private rights of wayfalse
- Public rights of wayfalse
- Listed propertyfalse
- Restrictionsfalse
Risks:
- Flooded in last 5 yearsfalse
- Flood defencesContact branch
- Source of floodContact branch
Guidance Notes
While every reasonable effort is made to ensure the accuracy of descriptions and content, we should make you aware of the following guidance or limitations.
(1) MONEY LAUNDERING REGULATIONS Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. (2) These particulars do not constitute part or all of an offer or contract. (3) The measurements indicated are supplied for guidance only and as such must be considered incorrect. (4) Potential buyers are advised to recheck the measurements before committing to any expense. (5) We have not tested any apparatus, equipment, fixtures, fittings or services and it is the buyers interests to check the working condition of any appliances. (6) We have not sought to verify the legal title of the property and the buyers must obtain verification from their solicitor.Use Our Homefinder Service
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