A residential investment opportunity comprising a ground floor apartment in a purpose built block close to Northampton town centre

Approached by an independent front door leading to an entrance hall, there is one double bedroom, a living room, kitchen and bathroom. Externally there is a communal garden and allocated parking with additional visitor parking. The property is sold with low service charges and has the potential to let for a rent of £550 per calendar month.

Tenure

Leasehold

Accommodation

Entrance hall, living room, inner hall, kitchen, bedroom and bathroom

Outside

Allocated car parking space

Terms of the Lease

The property is sold on a 99 year lease commencing 1988 with 72 years unexpired and a service charge of £210 half yearly to cover maintenance of the common parts, buildings insurance and grounds maintenance. There is a ground rent of £250 per annum.

Services

Main drainage, water and electricity are connected. Space heating is through electric night storage radiators and convector heaters. Domestic hot water is from an electric immersion heater. (None of these services has been tested).

Viewing

By appointment with the Auctioneers telephone 01604 259773

Buyer's Administration Charge

The buyer's administration charge for this lot is £750 plus VAT (£900)

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

Scott Fowler Solicitors, Old Church Chambers, 23-24 Sandhill Road, St James, Northampton NN5 5LH, Ref: Janet Stevenson, Tel: 01604 750506

Additional Fees

Administration Charge - Please see above details

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.