4 bed block of flats for sale

St. Michaels Avenue, Northampton NN1

Detailed Description

Being Sold via Secure Sale online bidding. Terms & Conditions apply. Starting Bid £275,000

Offered to the market with no onward chain is this excellent investment opportunity comprising block of three self contained apartments, with two currently let and the ground floor offered with vacant possession.

The spacious ground floor one bedroom apartment comprises lounge, bedroom, kitchen, bathroom, converted cellar and useful store room, together with access to the rear garden. This apartment offers scope for further improvement and represents an opportunity to add value.

The first floor two bedroom apartment comprises two bedrooms, a lounge, kitchen and three piece bathroom and is currently let on a company let, generating £900 pcm.

The top floor one bedroom apartment comprises a lounge, kitchen, bedroom and three piece bathroom and is also let on a company let, currently achieving £775 pcm.

With two apartments already producing a combined rental income of £1,675 pcm (£20,100 per annum), this represents an attractive opportunity for investors seeking an established income stream, while also offering further scope for redevelopment and value enhancement, subject to the necessary consents.

Please note: As two of the three apartments are currently tenanted, access for viewings will be limited. We strongly recommend viewing the virtual tour to appreciate the accommodation available before arranging an internal inspection.

Material informationType - Block of apartmentsAge/Era - Ask AgentTenure - FreeholdGround Rent - Ask AgentService Charge - Ask AgentCouncil Tax - Band aepc Rating - Ask AgentElectricity Supply - MainsGas Supply - MainsWater Supply - MainsSewerage Supply - MainsBroadband Supply - Ask AgentMobile Coverage - Depends on providerHeating - Gas Central HeatingParking - On Street, No Permit RequiredEV Charging - Ask AgentAccessibility - Ask AgentCoastal Erosion Risk - Ask AgentFlood Risks - Has not flooded in the last 5 years, No flood defencesMining Risks - Ask AgentRestrictions - Ask AgentObligations - No restrictions, No private right of way, No Public right of way, No easements/servitudes/wayleavesRights and Easements - Ask Agent