1 bedroom apartment for saleSomerset Row, Ripon, HG4
SOLD BY AUCTION ON THE 8 DECEMBER 2016.
A well presented, one bedroom first floor apartment currently let on Assured Shorthold Tenancy for the term of 6 months commencing on 23rd September 2016 at a rental of £475 pcm. The apartment is well maintained and has the benefit of Upvc sealed unit double glazing throughout with heating provided by electric fires and wall mounted heaters. The current rent equates to £5,700 per annum showing a return of 8.8% based on the guide price.
The property is situated close to the centre of the city and all of its amenities making it an ideal investment opportunity. The city itself supports an excellent range of amenities catering for most daily needs with easy access being gained to the A1(M) for those requiring travel around the country.
Leasehold a 999 year lease from 1988
Ground rent £50.40 Per annum
Buildings Insurance £396.08 Per annum
Service Charge £498.42 Per annum
All mains services with the exception of mains gas are connected to the property.
<stylerun fontsize=11>Energy Performance Certificate (EPC) Rating</stylerun>
Eccles Heddon, 5 Westgate, Ripon, HG4 2AT. Tel: 01765 601717. FAO Jo Nylan.
Viewings available Wednesdays and Saturdays by appointment. Tel 01423 501211.
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*Guide Price: An indication of a seller's minimum expectation at auction and given as a Guide Price or a range of Guide Prices. This is not necessarily the figure a property will sell for and is subject to change prior to the auction.
Reserve Price: Each auction property will be subject to a Reserve Price below which the property cannot be sold at auction. Normally the Reserve Price will be set within the range of Guide Prices or no more than 10% above a single Guide Price.
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