THE PROPERTY: A unique duplex apartment in a period conversion in the thriving centre of Witney. The property is approached via a communal stairwell with security phone entrance door. The upper floor of the apartment has a hall with cloakroom off. The light double aspect living room has roof top views and opens into a kitchen area. Stairs lead down to a lower floor where there is a comfortable double bedroom with understairs storage and an ensuite bathroom. The ideal combination of sealed unit double glazing and gas fired central heating (rare in apartments) give an impressive 'C' Energy Performance Rating meaning manageable utility bills for occupiers and 'future proofing' this investment for landlords who will soon only be able to let properties that are rated 'C' or above.(Currently legislation allows for rental properties to be 'E' and above). Although the property does not own a parking space, it is possible to rent one in a secure car park behind the Masonic Centre on the opposite side of Church Green for £300 per annum. Please note this property is currently let on an assured shorthold tenancy until 30/04/25. Based on a capital value of £150,000 this property is currently producing a gross yield of 7.4%. The property has been successfully let for by us for years and, is fully compliant in matters such as Electrical Installation & Condition Reports etc. Tenure: The property benefits from the remainder of 125 Years (Less 10 Days) granted 25 December 1983 (85 years remaining). Ground rent £150 per annum and a monthly service charge of £171.39 is payable. Local Authority: West Oxfordshire District Council (Tax band B). The photographs and video tour in this listing are taken from our archive and show the property before the current tenancy. We are required by law to conduct anti-money laundering checks on all those selling or buying a property. Whilst we retain responsibility for ensuring checks and any ongoing monitoring are carried out correctly, the initial checks are carried out on our behalf by Lifetime Legal who will contact you once you have agreed to instruct us in your sale or had an offer accepted on a property you wish to buy. The cost of these checks is £60 (incl. VAT), which covers the cost of obtaining relevant data and any manual checks and monitoring which might be required. This fee will need to be paid by you in advance of us publishing your property (in the case of a vendor) or issuing a memorandum of sale (in the case of a buyer), directly to Lifetime Legal, and is non-refundable. We will receive some of the fee taken by Lifetime Legal to compensate for its role in the provision of these checks.
- Tenure: Leasehold
- Lease Years Remaining: 84
- Ground Rent: £150 per year
- Service Charge: £2,056 per year
- Council Tax Band: B
- Unique Duplex Apartment
- Hall with Cloakroom
- Double Aspect Living Room
- Kitchen
- Double Bedroom with Ensuite
- Gas Central Heating
- Nearby Rented Car Parking Available
- Double Glazing
- 'C' EPC Rating
- Potential gross yield of 6.77%
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