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