HOWARD & CO are pleased to offer for sale this freehold terraced property in Rowlands Road, consisting of 5 flats all let on AST's and one commercial unit on a current longer lease. This is a lively part of Rowlands Road with the beach within 4 minutes and the town centre just 400 yards away. This is a great central location with a good footfall. there are a variety of good local restaurants and pubs and nearby convenience stores.
All enquiries please call us to arrange viewings. Gross rental £48,264 represents 7.5% gross yield from the rent received.
IMPORTANT NOTICE
Descriptions of the property are subjective and are used in good faith as an opinion and NOT as a statement of fact. Please make further specific enquires to ensure that our descriptions are likely to match any expectations you may have of the property. We have not tested any services, systems or appliances at this property. We strongly recommend that all the information we provide be verified by you on inspection, and by your Surveyor and Conveyancer.
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Below is a breakdown of how the total amount of SDLT was calculated.
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Refundable Holding deposit - Capped at 1 weeks rent
Security Deposit - Capped at 5 weeks rent for annual rental under £50,000, or 6 weeks rent for annual rental over £50,000
Rent - The agreed monthly rent
Changes to tenancy - Capped at £50 inc VAT
Early termination charge - Not exceeding the landlord’s financial losses
Late payment of rent - Interest of 3% above BoE base rate for each day the rent is late, once it is 14 days overdue
Replacement keys - Reasonable costs or give the tenant the option to purchase themselves
Utilities, council tax, communication services, TV Licence etc - Tenants own responsibility unless otherwise stated in contract
Client Money Protection Scheme Membership details - Propertymark member number: C0128563
Property Redress Scheme - ARLA and TPO member number CO128563