Property for Auction in Northamptonshire - Flat 1, 30 Hazelwood Road, Northampton, Northamptonshire NN1 1LN

A spacious one bedroomed first floor apartment located in a converted house in the heart of Northampton town centre. Presenting an ideal residential investment producing a yield of £10,560 per annum. The property extends to approximately 480 square feet with entrance hall, bedroom, bathroom and living room/kitchen. Tenure Leasehold. ACCOMMODATION GROUND FLOOR Communal entrance hall. FIRST FLOOR Private entrance hall, living room/kitchen, bedroom and bathroom ensuite. TERMS OF THE LEASE The property is offered on a lease commencing 80 years unexpired and subject to a ground rent of £100 per annum which increase to £200 per annum within five years. Service charges are approximately £400 per annum. TENANCY The property is let on an Assured Shorthold Tenancy to a long term tenant who is paying a rent of £880 per calendar month. Energy Efficiency Rating (EPC) Current Rating D Services Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services. Local Authority Northampton Borough Council Solicitors DFA Law, Ref: Mark Brown, Tel: 01604 609560 Important Notice to Prospective Buyers: We draw your attention to the Special Conditions of Sale within the Legal Pack, referring to other charges in addition to the purchase price which may become payable. Such costs may include Search Fees, reimbursement of Sellers costs and Legal Fees, and Transfer Fees amongst others. Additional Fees Buyer's Premium - The purchaser will be required to pay a buyers premium charge of £1,500 (£1,250 plus VAT). Administration Charge - The purchaser will be required to pay an administration charge of £720 (£600 plus VAT). Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.