A first floor apartment in purpose built block providing residential investment opportunity and let on an Assured Shorthold Tenancy

Located within walking distance of Northampton town centre and with the benefit of allocated parking and visitor parking. This two bedroomed apartment includes an entrance hall, lounge/diner and a bathroom and is let on an Assured Shorthold Tenancy expiring on the 20th June 2016. The current rent passing is £600 per calendar month, giving a gross income of £7,200 per annum. The property is sold on a 125 year lease commencing the 1st January 1989 with a ground rent of £60 per annum and service charge of £139 per quarter.

Tenure

Leasehold

Accommodation

Entrance hall, lounge/diner, kitchen, bedroom one, bedroom two and bathroom

Terms of the Lease

The property is offered for sale with the benefit of a 125 year lease which commenced on the 1st January 1989. The current service charge is £225 per quarter and the ground rent is £60 per annum.

Agent's Note

The property is currently let on an Assured Shorthold Tenancy expiring July 2016 with rent passing of £600 per calendar month.

Services

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

Viewing

By appointment with the Auctioneers, telephone 01604 259773

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 4DY, Ref: Janet Stevenson, Tel: 01604 210680

Additional Fees

Administration Charge - Please see above details

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