Apartment, Carolgate House, Retford, DN22 6DY

High-Yield Investment Opportunity | 8.4% Projected Net Yield | Central Retford 1-Bed Apartment

Key Features: - Asking Price: £75,000 High Net Return: Projected 8.4% net yield based on an AST rental value of £650/month - Versatile Income Strategy: Currently operating as a short-term let (STL) with strong historical revenue, or ready to convert to a long-term AST - Long Leasehold: Long term lease (approx. 246 years remaining on a 250-year lease) - Low Outgoings: Peppercorn ground rent (£0) with an annual service charge of £805.73 - Prime Town-Centre Location: Situated in the heart of Retford, moments from shops, cafes, bus station (0.2 mi), and rail links (0.7 mi)

The Opportunity: An excellent opportunity for investors to acquire a modern, well-presented one-bedroom second-floor apartment situated in Carolgate House, right in the heart of central Retford. Offered at an accessible price point of £75,000, this self-contained apartment presents an ideal entry point or portfolio addition with immediate rental revenue potential.

Investment Summary & Financials: - Asking Price: £75,000 - Predicted AST Rental Income: £650 per calendar month (£7,800 per annum) - Projected Net Yield: 8.4% (calculated based on £650/mo AST rental income after ground rent & service charge deductions) - Historical STL Revenue: £14,100+ gross total revenue generated while operating on short-term let platforms - Tenure: Leasehold (250-year lease from ~2022) - Ground Rent: Peppercorn (£0/year) - Service Charge: £805.73 per annum

The Property: Located on the second floor of a small, exclusive residential development of just 8 apartments, Apartment 7 is a bright, modern, and low-maintenance unit. - Living/Kitchen Area: Open-plan lounge and dining space featuring fully integrated kitchen units, oven, ceramic hob, and fridge freezer. - Bedroom: Well-proportioned single double bedroom fitted with contemporary carpeting. - Bathroom: Stylish suite with self-contained shower cubicle and contemporary finishes.

Location & Amenities: Carolgate House offers unbeatable access to Retford's local amenities, dining, and transport links: - Transport Links: Retford Bus Station is just 0.2 miles away, and Retford Train Station is 0.7 miles away (offering direct East Coast Mainline services to London King's Cross in under 1.5 hours). - Major Employers: Ideal for commuters and local workers, with Wilko's main distribution hub and B&Q's Northern Distribution Centre serving as major regional employers nearby. - Local Amenities: Surrounded by local retail, cafes, pubs, and supermarkets on your doorstep.

Viewing & Enquiries: Contact Residential Estates today to arrange a viewing or to request full financial information and floor plans.

Tenure: Leasehold (250 years) Ground Rent: £0 per year Service Charge: £805.73 per year