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For Sale Five Acres, London Colney, St Albans, AL2 £999,950

6 Bedroom Block of Apartments  For Sale £999,950

Five Acres, London Colney, St Albans, AL2

Great Investment Opportunity!

Four Flats

Three Gardens

Parking for SIX cars

Sitting Tenants

Freehold Property

Great Location

Call for Details!

Freehold

INVESTMENT OPPORTUNITY!! A 'Unique' opportunity to purchase a block of FOUR purpose built FREEHOLD apartments under ONE ROOF. Comprising of : a two bed flat with private garden, one bed flat with private garden, a further one bed and further two bed with shared garden. Located in London Colney giving very easy access to local motorway links and all nearby amenities. Generating an ANNUAL INCOME of OVER £56,000!!

Accommodation Comprises
  
  
Communal Entrance Hall
 Stairs to first floor. Private front doors to each flat.

  
Ground Floor Flat
 Two bedrooms with own private garden

  
Ground Floor Flat
 One bedroom with own private garden

  
First Floor Flat
 One Bedrooms with shared garden ( shared with other first floor flat)

  
First Floor Flat
 Two Bedrooms with access to shared garden ( shared with other first floor flat)

  
Tenancy Information
 All four flats are occupied by tenants who have recently renewed their contracts.

  

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Please note: This is for illustrative purposes only. The above calculator should not be relied upon when making financial decisions. Please seek advice from a specialist financial provider.

IMPORTANT NOTICE FROM OLIVER & AKERS

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.

Fees

Permitted Payments Information

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 - Money Shield : 60035288

Property Redress Scheme Membership details - The Property Ombudsman Ref: 09047093