Initial price	£115,000
03/03/24	£110,000
Price Change	-4.35%

This is an investment opportunity for a second-floor apartment in a modern block, located close to the Forest Recreation Ground, a local tram stop, and the city center. The property is currently let and is being sold with the tenant in situ, generating a rental income of £725 per calendar month, representing a yield of 7.5% at the current asking price. The apartment features an entrance hallway, a spacious living kitchen with integrated appliances, two bedrooms, and a bathroom with a white suite and electric shower. The property also has UPVC double glazing and gas central heating with a combination boiler. The building is situated within communal and maintained grounds and is subject to management fees and ground rent. The lease has 108 years remaining and the ground rent is £225 per year, with a service charge of £1420 per year. Note that a Selective License may be required for the purpose of letting the property.