Ready-made buy-to-let with tenant, immediate income and market-upside potential.
Long-term tenant in situ producing £9,540 pa gross income
A compact studio flat in The Royal, Wilton Place, presented with a long-term tenant in situ—designed for buy-to-let investors seeking immediate income. The current gross rent is £9,540 pa with potential to reach about £11,400 pa at market rate, offering an attractive yield relative to the £90,000 asking price. The flat is well-maintained with a modern kitchen, contemporary living area and neutral finishes, ready for continued rental occupation.
Practical strengths include a 99-year lease, fast broadband and excellent mobile signal—important for professional tenants and short-term lettings. The building provides on-site parking and sits close to transport links, shops and city-centre amenities, making it easy to let to students, commuters and working professionals.
Buyers should note material facts: the property is leasehold, small at approximately 309 sq ft and located in a very deprived area (which can affect long-term capital growth). A Buyer's Premium applies on sale, and the property is marketed specifically as an investment with a tenancy in place, so any purchaser will take on the existing tenancy arrangements.
This is a straightforward, low-management investment for a buyer seeking immediate rental income and modest upside through re-letting at market rates. It will suit investors or developers focused on city-centre rental returns rather than an owner-occupier seeking long-term personal living space.