Auction House London

Lot 38

Block of Apartments - Flats / Apartments 

2A Castilian Street

Northampton, Northamptonshire, NN1 1JX

Sold Prior to auction, for an undisclosed amount

A Freehold Semi Detached Building Arranged as 20 Studio Flats Fully Let Producing a Net Income of £120,000 Per Annum.

Description

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).

Note

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.

Introducer

Additional Fees and Disclaimer

Administration charge: £1,500 including VAT unless otherwise stated in the addendum.

Buyers Premium and Disbursements: Please see the legal pack and the addendum for any disbursements and buyers premium that may be payable by the purchaser on completion.

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve ( a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Particulars including images and video tours on the website and within the catalogue are believed to be correct but their accuracy is not guaranteed. The auctioneers will always endeavour to inform prospective purchasers of variations to the catalogue, when such changes are brought to their attention. The auctioneers nor their clients can be held responsible for any losses, damages, or abortive costs incurred in respect of lots that are withdrawn or sold prior to auction. Viewings are carried out by third party agents and we will endeavour to give appropriate notice should the published viewing time change. Auction House London will not be liable for any costs or losses incurred due to viewing cancellations or no shows. Information relating to Rating matters has been obtained by verbal enquiry only. Prospective purchasers are advised to make their own enquiries of the appropriate authorities. Prospective purchasers are deemed to verify for themselves whether tenanted properties are occupied and rents are being paid. All measurements, areas and distances are approximate only. Potential buyers are advised to check them. No representation or warranty is made in respect to the structure of any properties nor in relation to their state of repair. Prospective buyers should arrange for a survey of the particular lot by a professionally qualified person.

Enquire NowFinance AvailableStamp Duty CalculatorRegister to Bid
Viewings by Appointment Only For further information, please register for the legal pack. For all enquiries, please contact Jordan Phillips at jordan@auctionhouselondon.co.uk
For further information, please register for the legal pack. To speak to a member of our team about this lot, please call us on 020 7625 9007 or email us at info@auctionhouselondon.co.uk

Share this lot

Similar Properties

Lot 11

David Court 1044-1046 High Road, Whetstone, London, N20 0QR

*Unsold, please refer to Auctioneer

Lot 51

St Johns Villas 71 & 73 St. Johns Road, Huddersfield, West Yorkshire, HD1 5DX

*Sold for £522,000

Lot 89

23 Bath Street Huddersfield, West Yorkshire, HD1 5BQ

*Sold for £205,000

Enquire about 2A Castilian Street, Northampton, Northamptonshire, NN1 1JX

Sign-up for our newsletter

Get the latest lot details along with new blog posts, straight to your inbox

Services

  • Request Auction Valuation
  • Remote Bidding Registration
  • Online Auctions
  • Property Services

Auctions

  • Current Auction
  • Past Auctions
  • Lots still available
  • Guide to buying at auction
  • Guide to selling at auction
  • General Conditions of Sale
  • Register to Bid

Guides

  • Guide to buying at auction
  • Guide to selling at auction
  • Guide to buy online

About

  • About Us
  • Why Choose Us
  • Meet The Team
  • Privacy Policy
  • Complaints Procedure

Auction House London

5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL

Tel: 020 7625 9007
Fax: 020 7990 9979
Email: info@auctionhouselondon.co.uk
Auction House London
Site built by IVC
Copyright © 2024 Auction House London
Registered Address: 5 Hampstead Gate, 1a Frognal, Hampstead, London NW3 6AL Company No. 07048084
Footer Logos