Werrington, Peterborough

**INVESTMENT PURCHASERS ONLY** This studio apartment is being sold with the benefit of an existing tenant. The property itself is located within easy reach of local amenities, and is situated in the sought after 'Werrington' part of Peterborough, just some 4 miles to the north of the city centre. The studio has the benefit of uPVC double glazing, a living room/bedroom, dressing room, kitchen and shower room. Competitively priced, this is an excellent opportunity to acquire an investment property currently producing £430 per calendar month.

Communal Entrance Hall
With external entrance door and access to the block which contains 3 ground floor and 3 first floor flats. Additional side door leads to the parking bay and to the communal drying area. Number 61 is a ground floor studio apartment, with entrance door to:

Lounge / Bedroom 14' 9'' x 8' 6'' (4.49m x 2.59m)
With TV point, uPVC double glazed window.

Store Room
With open fronted storecupboard / wardrobe.

Shower Room
With low level WC, wash hand basin, shower cubicle, uPVC double glazed window, extractor fan, wall heater.

Kitchen 8' 6'' x 6' 0'' (2.59m x 1.83m)
With single drainer stainless steel sink unit having cupboards under, worksurfaces and eye level cupboards, plumbing for a washing machine, space for fridge & freezer, wall cupboards, uPVC double glazed window, airing cupboard housing hot water cylinder with immersion heater.

Outside
There is a parking bay, and a drying area.

Leasehold Information
We understand that this studio apartment is leasehold with the original lease being 120 years from 30 September 1982, and therefore expiring on or around 30th September 2102. We await information from the vendor as to the ground rent, service and maintenance charges. We understand from the vendor that the ground rent is £80.20 per annum. There is no formal service charge but things are recharged by the freeholder on an ad hoc basis.

Tenancy Information
We understand from the vendor that an Assured Shorthold Tenancy provides that the current tenant pays £430 per calendar month.