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. Transport links are provided by Northampton rail station (0.8 miles).

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.

Addendum

Sold Prior

Introducer

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 Pack View Details as PDF Enquire Now Register to Bid

Viewings by Appointment Only 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

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

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