Rockingham Road, Bury St. Edmunds, IP33 2SE

An excellent opportunity to acquire a two bedroom ground floor apartment on Rockingham Road, Bury St Edmunds, offered for sale with a tenant in situ and currently producing a rental income of £1,050 per calendar month. The accommodation comprises an entrance hall, two bedrooms, bathroom and a generous open-plan kitchen/dining/living area, providing a modern and practical layout. The property further benefits from an allocated parking space. For investors, the current rental income of £12,600 per annum represents an attractive gross rental yield of approximately 10.5% at £120,000. The property also benefits from an exceptionally long lease with approximately 965 years remaining.

Annual charges: Service charge: £2863.89 Per annum Ground rent: £144.80 Per Annum Total: £3008.69 per annum

With a tenant already in situ, an established rental income, long lease and allocated parking, this represents an appealing buy-to-let investment opportunity in Bury St Edmunds. Early viewing is highly recommended. Gross yield calculated against the stated rental income and guide price, before mortgage costs, taxation, management/letting fees, maintenance and other landlord expenses.

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