A purpose built first floor apartment situated in a central and convenient location in Onchan. The property has an open plan sitting/dining room, kitchen, bedroom and bathroom. An ideal property for a first time buyer of buy to let investor.
Inclusions All fitted floor coverings and light fittings.
1) Electric oven/grill with 4-ring halogen hob
2) Fridge freezer
Tenure Leasehold - held on the remainder of a 999 year lease with a management company in place. Management fees Nov 1/11/17 - 31/10/18 £915.72 (interim payment) plus ground rent £262.11
Around July in each year the management company charge a balance of the service charge - for example in 2016-2017 period there was a balance payment of £248.03
Bearing this information in mind the management fees work out at approximately £1,400.00 per annum including ground rent.
Rates Payable Gross £673.02 including water (2018/2019)
Services Glow worm gas fired central heating combination boiler. Double glazed windows.
NOTE Allocated parking space to the front of the property however, most residents including the current vendor park in spaces most convenient to themselves. The current vendor proffers to park at the rear of the property.