Sold
Northampton – Rare freehold residential investment opportunity comprising 11 flats and additional ground rent income
Park View Court, Wallbeck Close, Northampton, NN2 8BW
Offers in excess of £1,300,000
- Property Type:
- Residential
- Tenure:
- Freehold
Description
- Freehold block comprising 22 flats
- 11 flats sold on long leases
- 11 flats unsold
- 11 unsold flats (6 x two bedroom and 5 x three bedroom)
- All 11 unsold flats currently let subject to Assured Shorthold Tenancies
- Total Current Rent Reserved: £92,400 per annum
- Total Current Ground Rent Income: £2,900 per annum
- Total Rent Reserved: £95,300 per annum
- Non qualifying building under the Landlord and Tenant Act 1987 (as amended)
- Located within walking distance of the University of Northampton
On the instruction of the Joint LPA Receivers
Subject to contract