A Freehold Semi Detached Building Arranged as 20 Studio Flats. 19 Flats are Let Producing £160,316 per annum. One Flat is Vacant. ERV Fully Let £167,816 per annum.
The property comprises a semi detached building arranged as 20 studio flats arranged over lower ground, ground and two upper floors.
Location
The property is situated in Northampton town centre close to local shops, amenities and the Northampton university. The open spaces of Beckets Park are also within close proximity. Transport links are provided by Northampton rail station.
Accommodation
Lower Ground Floor 2 x Studio Flats Ground Floor 6 x Studio Flats First Floor 6 x Studio Flats Second Floor 6 x Studio Flats
Tenancy
19 flats are let on Assured Shorthold Tenancies. Please refer to the legal pack for further information.
Current Rent Reserved
Current Rent Reserved £160,316 pa. ERV when Fully Let £167,816 pa.
At the request by the buyer the sale can be by way of a company sale within an SPV - please refer to the legal pack for more details.
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
Additional Fees
Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.