4 bed block of flats for sale

South Street, Northampton NN1

Edward Knight Estate Agents are pleased to present a rare opportunity for investment with this freehold block of three fully let apartments. Currently occupied under assured shorthold tenancies, this three-storey block comprises two one-bedroom flats and one two-bedroom flat. The apartments are leased to long-term tenants and fully comply with all current letting legislation. Flats 10a and 10b are accessed from the ground floor and feature open-plan living/kitchen areas, with stairs leading down to basement bedrooms and en suite shower rooms. Flat 10c, also accessed from the ground floor, extends to the first floor and offers an open-plan living and kitchen area, two bedrooms, and a bathroom. This property generates approximately £30,000 gross per annum in rental income. As a freehold, there are no maintenance fees, and the entire building sits on a single title, simplifying lending procedures. The new purchaser will benefit from immediate income upon completion. The property also benefits from being located close to Northampton General Hospital and Town Centre.