A residential investment opportunity comprising a two bedroomed basement apartment in a converted Victorian house with three upper floors close to Northampton town centre

With accommodation comprising kitchen, living room, two bedrooms and shower room, the apartment has been let for student accommodation at a rent passing of £600 per calendar month excluding utility bills. However, the existing tenants have agreed to vacate upon completion and the property will therefore be offered with vacant possession. The property is conveniently located for access to the University of Northampton St Georges Avenue Campus and is within walking distance of Northampton Castle Station.

Tenure

Leasehold

Accommodation

Entrance, kitchen, living room, inner hall, bedroom one, bedroom two and shower room

Services

Main drainage, gas, water and electricity are connected. Central heating is through radiators from a Servo Warm Elite 80 gas fired boiler which also provides the domestic hot water. (None of these services has been tested).

Terms of the Lease

We are informed that the property is offered on a 99 year lease commencing 1987 and there is currently a service charge of £20 per month, the leaseholder also enjoys a share of the freehold together with two other owners.

Energy Efficiency Rating (EPC)

Current Rating D

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Local Authority

Northampton Borough Council

Solicitors

Key Conveyancing, St Edmunds House, St Edmunds Road, Northampton NN1 5DY, Ref: Janet Stevenson, Tel: 01604 210680

Additional Fees

Administration Charge - The purchaser will be required to pay an administration charge of £750 plus VAT (£900).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.