Oakfield Estate Agents are delighted to offer this larger than average two double bedroom apartment in the heart of Bexhill-On-Sea.
The property benefits from a good size kitchen with built in cupboard perfect for kitchen storage, a two piece white bathroom suite with a separate wc, master bedroom with built in wardrobes, a large double bedroom and sizeable lounge with big bayed windows overlooking the front of the property.
The property has a bright and airy feel to it and is in good condition throughout. .
This property is an ideal buy to let with a rental income of £750 which would give you an approximate rental yield of 5.5%. There is currently a tenant at the property with an Assured Shorthold Tenancy which is on a periodic term.
The current seller advises that the property is offered as Leasehold and has 82 years remaining on the lease. To extend the lease to 125 years it has been estimate to cost £8000.
The service charge is £150 per annum and there is no ground rent to pay. There is an opportunity to purchase the freehold for £15,000. The agent has not had sight of confirmation documents and therefore the buyer is advised to obtain these from their surveyor or solicitor.