About this property

A purpose built first floor apartment with the benefit of gas fired central heating and double glazing, providing an investment opportunity with an existing tenancy ensuring an instant income return of £5,400 per annum.

Located in the Centre of Porthmadog
Two Bedroom First Floor Apartment
Comprises Bathroom & WC
Investment Opportunity
Located Within 0.5 Miles of Local Shops & Supermarket
EPC: C / Council Tax: B

Property Description

A First-Floor Purpose Built Apartment being offered for sale with an existing tenancy having been occupied by the same tenant since 2015. The property is currently laid out to provide Two-Bedrooms with ‘L Shaped’ open plan Kitchen & Lounge. Located in a block comprising of 11 apartments with limited parking facilities on the ground floor (for clarity, there is no specific allocation of a parking area for this flat). The property is set just off the main high street in the popular area of Porthmadog that provides local amenities.

First Floor
Entrance Door to Entrance Hall with Storage Cupboard

L Shaped Open Plan Lounge / Kitchen 18' 3'' x 11' 4'' (5.57m x 3.46m)

Bedroom 12' 2'' x 8' 9'' (3.72m x 2.66m)

Bedroom 8' 10'' x 9' 0'' (2.7m x 2.75m)

L-Shaped Bathroom
With Panelled Bath and Wash Basin, Separate WC.

Tenure
We understand the property is leasehold. The owners of the several flats form the Management Company. 125-year lease from 25 November 2008 (110 years remaining as at September 2023). We are advised that the current ground rent is £100.00 per annum with a service charge currently at £65.00 per month per flat. Interested parties should refer to their solicitors or agents for further details of the leasehold.

Note to Customers
This property may / may not be suitable for mortgage, buyers should make their own enquires regarding this property.

Material Information
If you are thinking of purchasing a property in Gwynedd for holiday letting purposes we suggest you discuss with one of our team in the first instance who will be able to update you on the current situation regarding Article 4 Gwynedd Council directive.