6 Bedroom Block of Apartments House to Rent

High Street South, Rushden, NN10 0RA

No images available

Key Features

A block of five long-term LET apartments and the freehold

FOUR x 1 bedroom and ONE x 2 bedroom apartments

Convenient location towards the south side of the Town

A rare opportunity to acquire a BLOCK of apartments and the FREEHOLD

Current income of £32,940 per annum

A 6.93% return at £475,000

Represents a perfect buy to let proposition

Floorplans available soon

Please contact James Coles, Branch Manager for further information

Energy Ratings - See Paragraph below

Full Description

A great opportunity to purchase a block of five long-term LET apartments in a very convenient location towards the south side of the Town (FOUR x 1 bedroom and ONE x 2 bedroom). A rare opportunity to acquire a BLOCK of apartments and the FREEHOLD, with all 5 apartments being LET. Current income of £32,940 per annum (a 6.93% return at £475,000), therefore representing a perfect buy to let proposition. Please contact James Coles, Branch Manager for further information.

Energy Efficiency Ratings - Energy Efficiency Ratings, Certificate Numbers and Expiry Dates:

Apartment 1: D66 - Certificate Number: 9188-6036-6247-6090-9250 - Valid Until: 17 March 2030
Apartment 2: C71 - Certificate Number: 9388-8040-6277-6380-3200 - Valid Until: 17 March 2030
Apartment 3: E43 - Certificate Number: 8004-2366-0829-0526-4963 - Valid Until: 25 January 2026
Apartment 4: C74 - Certificate Number: 0350-2403-6220-2427-2421 - Valid Until: 26 February 2033
Apartment 5: D63 - Certificate Number: 3632-8327-4100-0639-4292 - Valid Until: 11 March 2032

N.B - All 5 apartments are let on assured, shorthold tenancy agreements. A 5 tenants in residence are well settled and have no desire to leave:

Apartment 1 - currently let at £515.00pcm. Been in residence for 7 years.
Apartment 2 - currently let at £515.00pcm. Been in residence for 15 years.
Apartment 3 - currently let at £625.00pcm.
Apartment 4 - currently let at £595.00pcm.
Apartment 5 - currently let at £495.00 pcm. Been in residence for 12.5 years.

Current rental income of £2,745.00pcm
Current rental income of £32,940.00 per annum

Further Information - Communal areas, accessed from a main front access on High Street South and a rear access off Albion Place also.
Communal corridors and access to all floors and all 5 apartments.
Externally, to the rear, there is a covered terrace area, garden area and drive, providing off-road parking facilities for a couple of vehicles. If the drive / garden area was reconfigured, parking for all 5 apartments could be created.
Out of respect for the tenants, no internal photographs are being used as part of our marketing.