£140,000
1 bed flat for sale
Princes Street, Bury St. Edmunds IP33Leasehold
1 bed
1 bath
1 reception
EPC Rating: D
Key information
Tenure
Leasehold (998 years)
Service charge
Council tax band
A
Ground rent
£0
Ground rent date of next review
About this property
Attention First Time Buyers & Investors
No Onward Chain
Walking distance from town centre
Council Tax: A
If sold as an investment, high rental return
Long length lease & peppercorn leasehold charges
Summary
We're pleased to offer this one bedroom flat located a very short walk away from the town centre. Perfect for first time buyers or investors! Viewings are highly recommended!
Description
Attention first time buyer/investors
This first floor apartment new to market is situated in a very sought-after location; 5 minute walk from the town centre, arc shopping centre, supermarkets, local to the hospital, and a 15 minute walk from the train station. The property is situated in Victoria Street conservation area, and the apartment is a Victorian landmark building (former laundry). The home benefits from an open plan lounge / kitchen-diner, One bedroom with large storage cupboard, built in wardrobes, and shower room. This property is currently tenanted so is being marketed to investors only. With 999 years on the lease, no ground rent charges, and minimal service charge. Our vendor also has two other flats in the same block (one ground floor, and one top floor) which could also be available to the right buyer, and if all three flats were purchased, the freehold for the building would be up for negotiation if requested.
Lounge / Kitchen 13' 2" x 11' 10" ( 4.01m x 3.61m )
Bedroom 9' 4" x 8' 11" ( 2.84m x 2.72m )
Shower Room 7' x 5' 3" ( 2.13m x 1.60m )
Agents Note
It is our understanding that the property as a whole is currently held under a Freehold title. To enable to the sale of the flat, the vendor has advised that a Draft Lease will be created which would be finalised on completion in preparation for submission at Land Registry. We recommend that you seek guidance with regards to any financial arrangements and timeframes associated with this process to ensure that it will meet your requirements.
We currently hold lease details as displayed above, should you require further information please contact the branch. Please note additional fees could be incurred for items such as leasehold packs.
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. General: While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact the office and we will be pleased to check the position for you, especially if you are contemplating travelling some distance to view the property.
3. The measurements indicated are supplied for guidance only and as such must be considered incorrect.
4. Services: Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
5. These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers or tenants. Neither sequence (UK) limited nor any of its employees or agents has any authority to make or give any representation or warranty whatever in relation to this property.
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More information
Listed by
William H Brown - Bury St Edmunds
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