Video Viewing | 1st Floor | 743 SqFt | Open Plan | SouthEast Facing Balcony | Three Bedrooms | 6.5% Gross Yield | Chain Free | Ready Made Investment | 92 Year Remaining Lease | Service Charge £1200 Per Annum | Ground Rent £10 Per Annum | Superb Transport Connections
A bright and airy three bedroom that is close to good transport links into central London.
This 1st-floor apartment has a South-east orientation from the reception making it very bright and perfect for sitting out on the balcony overlooking the communal garden.
The apartment is in excellent condition throughout and features an open plan kitchen/ reception, three brilliant size double bedrooms, a shower room, and a separate W.C.
The apartment is currently let on an AST until 14/05/2024 at £2,400 per month. This gives an annual rent of £28,800 which is a gross annual yield of 6.5%.
Melbury House is located within 0.5 miles of Oval station (Northern Line) and 0.6 miles to Vauxhall Station (Victoria Line and National Rail) which provides quick access into the central London.
Local amenities are in an abundance with several shops and restaurants close by. The attractive Vauxhall Park is a couple minutes walk and provides ample outside space to enjoy.
Lease length: 125 years from 1990 (92 years remain)
Service Charge: £1200 per year
Ground Rent: £10 per year
Local Authority: Lambeth Council
Council Tax: Band C