About the property
Key features
- Investor buyers only - passing rent equivalent to £7,200 pa gross
- Re Decorated and New Carpets prior to commencement of current tenancy - May 2024
- Double Glazed, Electric Heating
- Large Workshop/Store
- Ideal Location
- Service charge not set, no ground rent
Material information
Property description
Council Tax A fee submitted to your local authority to cover expenses related to local amenities such as schools, libraries, and waste management. The payment amount is determined based on the property's value. Read our glossary page :
Tenure Explains the various forms of property ownership, including freehold, leasehold, and commonhold, and how they determine your rights and responsibilities as a property owner. Read our glossary page :
Ground Rent A recurring payment issued by the tenant to the landlord or property management firm. Read our glossary page
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Ground Rent Review Period When will your ground rent be assessed and how frequently will it be reviewed. Read our glossary page
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Annual Service Charge An estate's shared area expenses, such as building insurance, lighting, cleaning, and maintenance, are typically covered by a periodic payment that is commonly made on a yearly basis. Read our glossary page
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Length of Lease The duration of time you have acquired the leasehold, or the right to reside in a property. Read our glossary page
121 years left
INVESTMENT OPPORTUNITY INCLUDING A SHARE OF THE FREEHOLD OWNERSHIP. Currently let and generating an annual income of £7200. This one bedroom first floor apartment was re-decorated and had new carpets laid at the start of the previous tenancy. The flat has been rewired, has double glazing, fitted appliance to a modern kitchen and electric heating. The flat has the benefit of a shared large store/workshop and small courtyard. Located for ease of access to many facilities to include schools, shops and the town centre is within easy reach.
Offered for sale with a 125 year lease. There is no ground rent or service charge payable at present as no service charge has been set. There will be a cost implication to the buyer for the purchase of a share of the freehold and legal costs for implementation.Please contact our office for the approximate figures.
Note
Photos taken prior to commencement of tenancy - May 2024
For Kettering & Corby areas
Including Burton Latimer, Barton Seagrave, Rothwell, Desborough, Finedon, Irthlingborough, Mawsley, Priors Hall, Weldon and all surrounding villages.
Let's embark on your property journey together. Contact us today for a friendly and expert touch.
2 Silver Street Kettering NN16 0BN
