Virtual Freehold Block Of Flats, AL7

Virtual Freehold - Prime Buy-to-Let Investment Opportunity - Welwyn Garden City

An exceptional investment opportunity offering a partial block of three self-contained apartments, all converted and refurbished to an impeccable standard in 2020. Situated in a prime location close to Welwyn Garden City Town Centre, the business park, and the train station, this property is perfectly positioned to attract professional tenants.

Investment Highlights:
High-Quality Refurbishment: Fully modernized to a high standard in 2020.
Strong Rental Income: All three apartments are let to professional tenants on Assured Shorthold Tenancies (ASTs), generating a combined annual rental income of ?34,680 offering an attractive approximate return of 6.30%.
Virtual Freehold: Includes a 996-year lease with peppercorn ground rent and no annual maintenance charges, maximizing investment value.
Prime Location:
Just a short walk to Welwyn Garden City Train Station, providing convenient links to London and beyond.
Close to the vibrant Town Centre, with its array of shops, restaurants, and amenities.
Easy access to the local business park, ensuring a consistent demand for professional lets.
This is a rare opportunity to acquire a fully let, low-maintenance property with a strong yield and excellent long-term potential. Contact us today for more information or to arrange a viewing.

Communal Entrance Hall
Via a video entry-phone system


Apartment One
Kitchen / Living Room: Double glazed window to front. Understairs storage cupboard. Door to:
Bedroom: Double glazed window to front. Door to:
En-Suite Shower Room.

Rent: ?1,025.00 PCM

AST Expires: 20/09/2024


Apartment Two
Hall: Doors to:
Kitchen / Living Room: Double glazed window to front. Storage cupboard.
Bedroom: Double glazed window to front.
En-Suite Shower Room.

Rent: 9850.00 PCM

AST Expires: 17/01/2025


Apartment Three
Hall: Storage cupboard. Doors to:
Kitchen / Living Room: Double glazed window to front.
Bedroom: Double glazed window to front.
En-Suite Shower Room.

Rent: ?915.00 PCM

AST Expires: 30/01/2025


Fixtures & Fittings

All flats have:

Fitted wardrobes and draws in bedrooms.
Kitchens are fitted and have integrated dishwasher, induction hobs, built in microwave, built in oven/grill and fridge/freezers.
Shower Rooms with corner shower cubicles, wash hand basins, low level W.C and extractor fan.
All flats gas have full wet underfloor heating, from gas fired combi boilers.
All windows are double glazed.
Oak floors, skirtings, architraves and doors throughout.
Full LED lighting.
Video Entry-phone System
All flats will be left with doubles beds, sofas, wall mounted dining tables and windows blinds.




Notice
Please note we have not tested any apparatus, fixtures, fittings, or services. Interested parties must undertake their own investigation into the working order of these items. All measurements are approximate and photographs provided for guidance only.

Council Tax
Welwyn Hatfield Council, Band B

Lease Length
996 Years

Utilities
Electric: Mains Supply
Gas: None
Water: Mains Supply
Sewerage: None
Broadband: None
Telephone: None

Other Items
Heating: Not Specified
Garden/Outside Space: No
Parking: No
Garage: No