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1 bedroom retirement property for sale
Flat 36, Kingsley Court, Windsor Way, Aldershot GU11 1HZ
£5,000
Flat 36, Kingsley Court, Windsor Way, Aldershot GU11 1HZ
£5,000
Our Summary
- For sale on 29 May 2025 Our national property auction will be broadcast online with live auctioneers
- To bid by proxy, online, or by phone, please submit your registration form no later than 5pm the day before the auction
- The auction will commence at 09:00
- Terms: Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold under an Unconditional sale type
- Auction Deposit and Fees: The following deposits and non- refundable auctioneers fees apply: • 5% deposit (subject to a minimum of £5,000) • Buyers Fee of 4
- Additional Information: For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions home page
- This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack (and any applicable Home Report for residential Scottish properties)
- Auction: 29
- Investment opportunity to generate a gross yearly income of £11,100
Description
This retirement apartment is being sold through an online national property auction and is generating a gross rental income of £11,100 per year. The apartment is located in a purpose-built assisted living complex for over 65s, which includes communal grounds, a residents' lounge, and an on-site restaurant. The property is situated close to public transportation and local amenities. The current tenant has been in situ for over 12 months and is over 65, making them eligible to live in the apartment. The apartment can only be occupied by over 65s, but there is no age restriction on ownership. With a yearly income exceeding double the guide price, this is an attractive opportunity for an investor seeking a high return on a low investment.