A traditional mid terraced three storey town house let as a house in multiple occupation, currently with four rooms, at a gross rent of £17,100 per annum

The property has an extensive garden to the rear with rear pedestrian access and the communal rooms comprise the lounge, kitchen and bathroom. The property provides potential for uplift of the rent on review and, subject to planning permission, may have space for a further let room.

Tenure

Freehold

Accommodation

Entrance hall, lounge area, kitchen with rear access to the garden, a further lounge/bedroom five, one bedroom on the ground floor and bathroom, two bedrooms on the first floor and a fourth bedroom with en suite on the second floor.

Tenancy Agreements

A copy of the Tenancy Agreements for each room are included within the legal pack. The Landlord is responsible for all utilities, excluding Council Tax.

Room One

Room One - 6 month Tenancy from the 8th November 2014 and is now on a periodic basis Current Rent £350 pcm fully inclusive of utilities

Room Two

Room Two - 6 month Tenancy from the 1st April 2015 and is now on a periodic basis Current Rent £300 pcm fully inclusive of utilities

Room Three

Room Three - 6 month Tenancy from the 8th November 2015 and is now on a periodic basis Current Rent £400 pcm fully inclusive of utilities

Room Four

Room Four - 6 month Tenancy from the 8th November 2014 and is now on a periodic basis Current Rent £400 pcm fully inclusive of utilities

Yield

The property currently represents a gross rent of £17,100 per annum, which at the lower end of the guide price represents a gross yield of 9.8%.

Services

The property currently represents a gross rent of £17,100 per annum, which at the lower end of the guide price represents a gross yield of 9.8%.

Energy Efficiency Rating (EPC)

Current Rating E

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.