30 The Pinnacle, Wolverhampton

Property Description 

Pure Investor brings to the market this 2-bedroom apartment within The Pinnacle development, Gomer Street, Willenhall. The apartment offers investors 2 double bedrooms with wardrobes space, family bathroom with bath, sink and toilet, shower room with shower, sink and toilet, kitchen with opening into a good-sized living room. The property has fantastic locality and is very appealing as it allows easy accessibility too many local amenities, great school catchments and transport links for the M6 Motorway. There is currently a tenant in situ and the seller would be looking to sell the apartment whilst keeping the tenant in place, thus meaning it would only be suitable as an investment purchase.

Investment Information

Full Address: Flat 30, The Pinnacle, 50 Gomer Street, Willenhall, West Midlands WV13 2NW.

Asking Price: £65,000.00.

Tenure: Leasehold (105 years remaining).

Service Charge: £1,790.00 per annum.

Ground Rent: £150.00 per annum.

Parking: Gated but not allocated.

Tenancy: Currently tenanted (tenant moved in on 29th November 2019).

Current Rental Figure: £595.00pcm.

Self-Managed Or Letting Agent: Letting agent (13% + Vat currently £81.12) average letting fee would be around 10% + VAT.

Gross Yield: 11%

Net Yield: 8%

30 The Pinnacle, Wolverhampton - Key Points

Location

Wolverhampton, United Kingdom

Total Area

700 square foot

Tenure

Leasehold

Completion

Completed and tenanted

Rental Yield

11% gross yield