1 bed flat

This self-contained studio apartment is situated on the second floor of Maritime House on the Isle of Portland, with lift access and a large double-glazed window allowing for plenty of natural light. The open-plan studio room features a modern fitted kitchen with wooden LVT flooring, and a modern fitted shower room with a corner shower cubicle, low-level WC, and pedestal wash hand basin. The property is located in a pleasant community with nearby coastal walks and a range of shops and eateries in Easton Square. The current tenant is paying £575 per month, offering a gross yield of over 8% per annum based on a purchase price of £85,000. The property is available to cash buyers only due to its construction, and is offered for sale with no onward chain. The vendor has informed us that the property has a 140-year lease from 2020, with a service charge of around £550 per year, ground rent of £1 per year, and buildings insurance of £225 per year.