Somerset Row, Ripon, HG4

Circa £65,000

Description
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.

Location
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.

Tenure
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

Services
All mains services with the exception of mains gas are connected to the property.

Energy Performance Certificate (EPC) Rating
Grade E.

Solicitors
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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Our next auction is on 8 March 2018

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