Porthmadog, Gwynedd.

A purpose built first floor apartment with the benefit of gas fired central heating and double glazing, providing an investment opportunity with an existing tenancy ensuring an instant income return of £5,400 per annum.

First Floor

Entrance Door to Entrance Hall with Storage Cupboard,

L Shaped Open Plan Lounge / Kitchen
18' 3'' x 11' 4'' (5.57m x 3.46m)

Bedroom 1
12' 2'' x 8' 9'' (3.72m x 2.66m)

Bedroom 2
8' 10'' x 9' 0'' (2.7m x 2.75m)

L-Shaped Bathroom

With Panelled Bath and Wash Basin, Separate WC.

Note to Customer

We understand the property is leasehold. The owners of the several flats form the Management Company. 125-year lease from 25 November 2008 (110 years remaining as at September 2023). We are advised that the current ground rent is £100.00 per annum with a service charge currently at £65.00 per month per flat. Interested parties should refer to their solicitors or agents for further details of the leasehold.

Note to Customers

This property may / may not be suitable for mortgage, buyers should make their own enquires regarding this property.