*Guide | £130,000 - £140,000 (plus fees)
- Flat
- 1 Bedroom
- Tenure: Leasehold.
Call the team on 01604 259 773 for more information
A spacious one bedroomed first floor apartment located in a converted house in the heart of Northampton town centre.
Presenting an ideal residential investment producing a yield of £10,560 per annum. The property extends to approximately 480 square feet with entrance hall, bedroom, bathroom and living room/kitchen.
Tenure
Leasehold.
ACCOMMODATION
GROUND FLOOR
Communal entrance hall.
FIRST FLOOR
Private entrance hall, living room/kitchen, bedroom and bathroom ensuite.
TERMS OF THE LEASE
The property is offered on a lease commencing 80 years unexpired and subject to a ground rent of £100 per annum which increase to £200 per annum within five years. Service charges are approximately £400 per annum.
TENANCY
The property is let on an Assured Shorthold Tenancy to a long term tenant who is paying a rent of £880 per calendar month.
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
DFA Law, Ref: Mark Brown, Tel: 01604 609560
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
Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £1,500 (£1,250 plus VAT).
Administration Charge - The purchaser will be required to pay an administration charge of £720 (£600 plus VAT).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
Floor Plans
Click the image to view the full-sized floorplan.
