A traditional three storey terraced town house currently occupied as two self contained apartments, each with individual access and each let on Assured Shorthold Tenancies with a gross income of £14,400 per annum

Each property is approached via an individual access, one from Palmerston Road, the other from the extensive rear garden, number 55 accessed from the front comprising a three bedroomed duplex apartment and 55a accessed from the rear providing a one bedroomed apartment. The property is located in a popular area between the Wellingborough and Billing Road, convenient for access to the town centre.

Tenure

Freehold

Accommodation

55 Palmerston Road

Entrance hall from Palmerston Road leading to an open plan lounge/kitchen/dining room, two bedrooms and bathroom on the first floor and a further third bedroom on the second floor.

Tenancy Agreement

Let on an Assured Shorthold Tenancy from the 17th May 2014 and is now on a periodic basis (copy of the Tenancy Agreement available within the legal pack). Current rent £650 per calendar month inclusive of gas, electricity and water bills, but excluding Council Tax.

55a Palmerston Road

Approached via the rear of the property leading to an open plan lounge/kitchen, one bedroom and bathroom. This apartment has the use of the rear garden and has rear access.

Tenancy Agreement

Let on an Assured Shorthold Tenancy from the 15th February 2015 and is now on a periodic basis (copy of the Tenancy Agreement available within the legal pack). Current rent £550 per calendar month inclusive of gas, electricity and water bills, but excluding Council Tax.

Yield

The property currently represents a gross rent of £14,400 per annum, which at the lower end of the guide price represents a gross yield of 8.7% with room for potential growth.

Services

Main drainage, gas, water and electricity are connected. (None of these services has been tested).

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

Northampton Borough Council

Solicitors

Goodchild Vizard & Smart, 44 Hazelwood Road, Northampton NN1 1LN, Ref: James Tricker, Tel: 01604 232882

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.