Property photos
Guide price
£570,000
(£135.62/sq. ft)
Block of flats for sale
Wellingborough Road, Northampton NN14,203 sq. ft
Local area information
Property location
Nearby amenities
- Stimpson Avenue Academy 0.2 miles
- Barry Primary School 0.2 miles
- Northampton 1.5 miles
- Wellingborough 9.3 miles
These distances are calculated in a straight line. The actual route and distance may vary.
Read our area guide for Northampton to find out more about the local area.
Features and description
- 6 Residential apartments
- 5x2 beds and 1x3 beds
Location
The block is located in the city of Northampton, at the junction of Wellingborough Road and Lutterworth Road. Wellingborough Road (A4500) is one of the main arterial into the town centre which provides a host of retail, restaurants and bars.
Three Shires Hospital is located to the south of the property whilst Abingdon and The Racehorse Parks are to the North East and North West respectively.
Description
The flats are accessed via the service yard at the rear of the property, with a shared communal first floor platform leading to all flats.
Price
Offers in the region of £570,000 (Five hundred and Seventy thousand pounds) for the 999 long leasehold interest. This represents a low capital value of £135.61 psf, which is less than replacement cost. Current income is £44,670 per annum. The tenants have recently agreed to new increases on the rents.
Address Size sq ft Bedrooms Lease start Lease end Rent
168a Lutterworth Road 811 2 01/12/2019 30/11/2020 £8,250
336A Wellingborough Road & Garage 3 605 2 20/11/2019 19/11/2020 £7,320
340A Wellingborough Road 1,003 3 09/11/2019 08/11/2020 £9,000
342A Wellingborough Rd 602 2 25/11/2019 24/11/2020 £6,750
344A Wellingborough Road 602 2 24/07/2019 23/07/2020 £6,750
346A Wellingborough Road 580 2 01/11/2019 31/10/2020 £6,600
Total 4,203 £44,670
The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.
VAT The premises are not elected for VAT.
EPC Rating tbc.
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
The block is located in the city of Northampton, at the junction of Wellingborough Road and Lutterworth Road. Wellingborough Road (A4500) is one of the main arterial into the town centre which provides a host of retail, restaurants and bars.
Three Shires Hospital is located to the south of the property whilst Abingdon and The Racehorse Parks are to the North East and North West respectively.
Description
The flats are accessed via the service yard at the rear of the property, with a shared communal first floor platform leading to all flats.
Price
Offers in the region of £570,000 (Five hundred and Seventy thousand pounds) for the 999 long leasehold interest. This represents a low capital value of £135.61 psf, which is less than replacement cost. Current income is £44,670 per annum. The tenants have recently agreed to new increases on the rents.
Address Size sq ft Bedrooms Lease start Lease end Rent
168a Lutterworth Road 811 2 01/12/2019 30/11/2020 £8,250
336A Wellingborough Road & Garage 3 605 2 20/11/2019 19/11/2020 £7,320
340A Wellingborough Road 1,003 3 09/11/2019 08/11/2020 £9,000
342A Wellingborough Rd 602 2 25/11/2019 24/11/2020 £6,750
344A Wellingborough Road 602 2 24/07/2019 23/07/2020 £6,750
346A Wellingborough Road 580 2 01/11/2019 31/10/2020 £6,600
Total 4,203 £44,670
The purchaser may qualify for multi-unit relief on stamp duty. They should rely on their own enquiries in this regard.
VAT The premises are not elected for VAT.
EPC Rating tbc.
Tenure A new 999 year long leasehold at a peppercorn ground rent.
Anti money laundering procedures In accordance with the Money Laundering, Terrorist Financing and Transfer of Funds (Information on the Payer) Regulations 2017 the Purchaser will be required to comply with our Anti Money Laundering policy. Further details on request.
More information
Listed by
Assembly Commercial Real Estate
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