Last Updated: 13th Aug 2024
• Tenanted 2 bedroom apartment being sold as investment opportunity
• Current income at £9,300pa
• Modern apartment with parking spaces for two vehicles
• Total GIA: 501 sq ft
• EPC: Band C (73)
GENERAL DESCRIPTION
A very well presented, modern two bedroom apartment
located within the popular residential development of
Archers Walk in Trent Vale. The apartment is being sold
with tenant in situ paying £775pcm until 6
th October 2024.
The spacious apartment is neutrally decorated with a
modern fitted family bathroom, an en-suite bathroom off the
main bedroom and a large open plan kitchen lounge area. The
apartment benefits from UPVC double glazed windows, gas
fired central heating and secure intercom door entry system.
There is allocated off road parking for two vehicles, accessible
via the rear entrance of the property. The buyer cannot move
into the property and will be buying for the short – medium
term as an income providing investment with tenant in situ.
Trent Vale is an excellent investment location thanks to its close
proximity to the Royal Stoke University Hospital.
LOCATION
Archers Walk is a located off Godwin Way directly behind
Springfields Retail Park on the A34 a short walk from Stoke on
Trent’s main hospital. Number 36 is located in the middle of the
block slightly off Godwin Way. Trent Vale is easily accessible
from the A500 and M6 motorway at junction 15.
SERVICES
All main services are connected. No services have been tested
by the agents.
VAT
The sale price is not subject to VAT.
TENANCY DETAILS
Number 36 (2 bed) is let to a private individual by way of a six
month STA which commenced on the 8th April 2024 at a
passing rent of £775 pcm
TENURE
Available by way of long leasehold, subject to contract and with
the benefit of the existing AST agreement.
The property is available by way of the assignment of a long
leasehold interest which commenced on 1
st January 2005 for a
term of 125 years and at a ground rent of £150 per annum.
There's also a service charge to cover the cost of managing the
block which it currently stands at £1,543.54 per annum.
COUNCIL TAX
The residential tenants are responsible for payment of any
council tax where applicable.
Stoke on Trent City Council Band B - £1,467.01pa (23/24).
Note: A single occupier may benefit from a 25% discount.
ACCOMMODATION
Lounge 16’ 9” X 11’ 5”
Kitchen 7’ 6” X 9’0”
Bathroom 5’ 2” X 6’ 2”
Bedroom 1 9’ 6” X 10’0”
Ensuite 4’0” X 13’ 1”
Bedroom 2 7’ 5” X 7’ 11”
Total NIA: 501 sq ft
ANTI MONEY LAUNDERING REGULATIONS
In accordance with the anti-money laundering regulations, two
forms of identification will be required (e.g. photographic
driving license, passport, utility bill) from the applicant and a
credit check may also be required, the cost of which will be the
responsibility of the applicant. Where appropriate we will also
need to see proof of funds.
