*** INVESTMENT OPPORTUNITY OR FIRST TIME BUY *** Chelton Brown introduce a impressive two-bedroom factory conversion apartment nestled in the heart of Northampton, within the esteemed block of The Church's Factory. Positioned near the bustling Town Centre, this residence stands as a remarkable investment opportunity, complete with a reliable tenant in place.
Situated on the first floor of the exclusive block, access is granted through a secure key fob entry system or a private gated car park that ensures both convenience and security, with one allocated space.
The apartment boasts two spacious double bedrooms, each adorned with expansive factory windows, allowing natural light to flood the rooms. The modern family bathroom features a sleek design, offering a shower over bath, toilet, and hand basin, catering to both style and functionality.
The focal point of this residence is undoubtedly the extensive living space, accentuated by the same factory-style windows found in the bedrooms.
The kitchen and dining area, located at the far end, include granite worktops and integrated appliances.
Details Of The Tenancy - The property is let on an Assured Shorthold Tenancy £925pcm ending in September 2024 with an any time break clause,
INVESTMENT OPPORTUNITY Gross Yield of 6.3%.
Lease term - 125 years From 1st April 2001 - 101 Years Remaining.
Service Charge - £1782.45 p.a. payable 6 monthly on 1st April & 1st October
Ground rent £100 p.a.
This information should be verified by your legal representative prior to the exchange of contracts.