Pure Investor brings to the market this 2-bedroom apartment for sale in Barnet, London. The property comes with a sitting tenant who has been in situ since 2010. It is situated moments away from local shops and the local amenities of Hendon and within easy access of transport links such as Colindale Station and Hendon Central.

This spacious and well-presented apartment offers investors two double bedrooms, a reception room with a bay window, a kitchen with a breakfast bar, and a family bathroom with bath/shower, sink, and toilet. The block benefits from a shared balcony, communal gardens and parking facilities.

The current landlord of the apartment extended the lease in 1976 to 189 years, resulting in a remaining lease of 140 years.

Investment Information

• Asking price: Offers over £300,000.00
• Current rent income: £1,400.00pcm (£16,800.00 per annum)
• Gross Yield: 5.6%
• Tenure: Leasehold 140 years remaining
• Service charge: £2,800.00 per annum
• Ground rent: £0.00 negotiated when he extended the lease
• Net yield: 4.6%
• Current tenant has been in situ since 2010
• EPC: D
• Recent sales in the surrounding area – https://www.rightmove.co.uk/best-price-guide-report/6a67cb8b-ec4e-482f-8f68-8c02c9c6006d

Expected Rental Information

• Expected rental income: £1,650.00pcm
• Expected gross yield: 6.6%
• Expected net yield: 5.6%
• Rental properties in the surrounding area – https://www.rightmove.co.uk/best-price-guide-report/57d554ed-f1dc-4894-b211-bf75acd60f81