Sold Prior
- Block of Apartments
- 20 Bedrooms
Call the team on 020 7625 9007 for more information
A Freehold Semi Detached Building Arranged as 20 Studio Flats Fully Let Producing a Net Income of £120,000 Per Annum.
The property comprises a semi detached building arranged as 20 studio flats 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
All 20 flats are let for a term of 2 years at a rent of £500 per month per room. The tenants pay all bills.
Current Rent Reserved
Current Rent Reserved £120,000 (Net).
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.
