A fantastic opportunity to purchase a fabulous one-bedroom penthouse apartment situated in the heart of Northampton town centre.

This spacious one-bedroomed apartment presents an internal floor area of approximately 750 square feet comprising entrance hall, master bedroom, bathroom, open plan kitchen/lounge & diner. The property benefits from a feature south-facing balcony with the building also containing a lift. The property is currently let on an assured shorthold periodic tenancy generating £930 per calendar month which is an 8.5% yield.

Tenure

Leasehold.

ACCOMMODATION

Communal entrance hall, entrance hall, bathroom, master bedroom, lounge/kitchen/diner and balcony.

TERMS OF THE LEASE

The property is offered with the benefit of a 125 year lease commencing 1st October 2004. Ground Rent = £200.00 PA Buildings Insurance £300.00 PA Service Charge = £1,000.00 PA

AGENTS NOTE

Please note that every endeavour has been taken to ensure accuracy of any lease information but we advise any prospective purchaser to have this checked by their own legal representative. Flat 16 is of non standard construction materials and as such may not be mortgageable through the main stream lenders at standard mortgage interest rates. Buyers interested in acquiring this property with mortgage funding are advised to fully investigate their ability to raise funds prior to incurring costs related to their purchase.

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.

Solicitors

Key Conveyancing, Ref: Harry Wild, Tel: 01604 210680

Additional Fees

Buyer's Premium - The purchaser will be required to pay an administration charge of £1,200 (£1,000 PLUS VAT)

Administration Charge - The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.