Property Brief
Modern in design, Trinity Wharf sits in a cobbled, courtyard setting within walking distance of the historic Museum Quarter, city centre and Marina.

The apartment comprises an entrance hall with a convenient double storage cupboard, an open plan living/dining/kitchen with a Juliet balcony, a brick feature wall and a built-in hob, oven and fridge, a double bedroom and a bathroom with a shower over the bath. 

There is also permitted parking and the building is connected to mains electricity.

The property is currently tenanted; however, they are scheduled to vacate on 4th August and to be purchased. The property is to be purchased with vacant possession.

Condition Report
The property is in good condition throughout. No works required.

Rental Information 
Market rent: £650 pcm

Leasehold Details 
Management Company: Pure Block Management
Original Lease Term: 250 years
Remaining Lease Term: 229 years
Service charges: £79.83 pcm
Ground Rent: £75 pa

Comparables
Other 1-bed apartments in the building have been selling for between £90,000 - £105,000 over the past few years.

Compliance
Electrical certificate (EICR): Test date October 2020
EPC rating: C (77), potential B (84)
Council Tax Band: B

Figures
Estimated upfront costs below:

Deposit = £18,750
Stamp duty = £3,750
Broker fee = £495
Solicitor fee (Est.) = £1,200
Ultralets fee = £1,800

Total = £25,995

Yield of 10.4% based on market rent (or 9% when also accounting for lease costs).

Buyer Disclaimer - https://bit.ly/3CzncNu

To speak to our in-house Mortgage Advisor, call the office on 01482 562562 and ask to speak to Jack Newton.