Attractive residential investment opportunity comprising a two storey town house converted to provide four self contained apartments, three let on Assured Shorthold Tenancies and the fourth vacant

Located close to the Racecourse Park just off the Kettering Road in Northampton, the property has the added benefit of a walled garden and a basement where there may be potential for further enhancement. With gas fired radiator central heating and majority double glazing, the property has been maintained in good order with gross rent potential of £22,380 per annum. The property is available freehold.

Tenure

Freehold

Accommodation

Flat One

Lounge/bedroom, kitchen and shower room

Flat Two

Lounge/kitchen/bedroom, bathroom, separate WC and cellar. Access to garden at the rear

Flat Three

Lounge/bedroom, kitchen and shower room

Flat Four

Lounge/bedroom, kitchen and shower room

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).

Yield

The current yield is as follows:- Flat 1 - £435 per calendar month Flat 2 - £525 per calendar month Flat 3 - £480 per calendar month Flat 4 - £425 per calendar month (Now Vacant)

Energy Efficiency Rating (EPC)

Current Rating E

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

Franklins Solicitors, 6-8 Castilian Street, Northampton NN1 1JX, Ref: Scott Wright, Tel: 01604 828282

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.