Sold £51,500
- Flat
- 2 Bedrooms
- Tenure: Leasehold
Call the team on 01604 259 773 for more information
A spacious two bedroomed ground floor duplex apartment representing an ideal residential investment opportunity within walking distance of Kettering town centre
Forming part of a conversion scheme of similar apartments in a former bakery, the split level accommodation includes a private entrance with open plan lounge/kitchen/dining area, a mezzanine landing, master bedroom with shower room en suite, second bedroom and a further bathroom. In addition there is secure gated parking at the rear. The property is sold with vacant possession and has the potential to yield a rental income of around £550 per calendar month. Purchasers are advised to read the full legal pack and note that Kettering Borough Council have yet to issue a Building Regulations Completion Certificate for both the flat and the common parts of the building and are awaiting the completion of remedial works.
Tenure
Leasehold
Accommodation
Entrance, open plan lounge, living area, mezzanine landing, bedroom one, en suite shower room, bedroom two and bathroom
Terms of the Lease
The property is offered for sale with the benefit of a 125 year lease which commenced 1/1/05. The current ground rent is £175 per annum and the estimated service charge for 2015 is £1,600 per annum.
Buyer's Administration Charge
Please note that the purchaser of this property will be required to pay an administration charge of £950 plus VAT.
Services
Main drainage, gas, water and electricity are connected. Central heating is through radiators from a gas fired boiler. (None of these services has been tested).
Completion Date
The completion date for this lot will be the 30th September 2015
Energy Efficiency Rating (EPC)
Current Rating C
Services
Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.
Local Authority
Kettering Borough Council
Solicitors
Wallers Solicitors, Merchant House, 30 Cloth Market, Newcastle upon Tyne NE1 1EE, Ref: Christine Bakke, Tel: 0191 261 2281
Important Notice to Prospective Buyers:
We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others.
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.