A residential investment opportunity comprising a two bedroomed basement apartment in a converted Victorian house with three upper floors close to Northampton town centre
With accommodation comprising kitchen, living room, two bedrooms and shower room, the apartment has been let for student accommodation at a rent passing of £600 per calendar month excluding utility bills. However, the existing tenants have agreed to vacate upon completion and the property will therefore be offered with vacant possession. The property is conveniently located for access to the University of Northampton St Georges Avenue Campus and is within walking distance of Northampton Castle Station.
Tenure
Leasehold
Accommodation
Entrance, kitchen, living room, inner hall, bedroom one, bedroom two and shower room
Services
Main drainage, gas, water and electricity are connected. Central heating is through radiators from a Servo Warm Elite 80 gas fired boiler which also provides the domestic hot water. (None of these services has been tested).
Terms of the Lease
We are informed that the property is offered on a 99 year lease commencing 1987 and there is currently a service charge of £20 per month, the leaseholder also enjoys a share of the freehold together with two other owners.
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
Key Conveyancing, St Edmunds House, St Edmunds Road, Northampton NN1 5DY, Ref: Janet Stevenson, Tel: 01604 210680
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 - The purchaser will be required to pay an administration charge of £750 plus VAT (£900).
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.