Lot
Block of Apartments - Flats / Apartments
2A Castilian Street
Northampton, Northamptonshire, NN1 1JX
£1,500,000+
Guide Price
A Freehold Semi Detached Building Arranged as 20 Studio Flats Fully Let Producing a Net Income of £120,000 Per Annum (8% Net Yield on the Guide Price).
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
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.
Additional Fees
Administration charge: £1,200 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.
Download Legal PackView Details as PDFEnquire Now
Viewing Appointments to be Confirmed
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
Enquire about 2A Castilian Street, Northampton, Northamptonshire, NN1 1JX
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