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High Street South, Rushden, NN10 0RA

PROPERTY TYPE

Block of Apartments

BEDROOMS

6

BATHROOMS

5

SIZE

2,302 sq ft

214 sq m

TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

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 6.58% return at £500,000
  • Represents a perfect buy to let proposition
  • Floorplans available soon
  • Please contact James Coles, Branch Manager for further information
  • Energy Ratings - See Paragraph below

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 6.58% return at £500,000), 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.

Brochures

High Street South, Rushden, NN10 0RA
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
Off street
GARDENA property has access to an outdoor space, which could be private or shared.
Yes
ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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High Street South, Rushden, NN10 0RA

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About Mike Neville Estate Agents, Rushden

67 Wellingborough Road, Rushden, NN10 9YG
Industry affiliations:Industry affiliation logo 0Industry affiliation logo 1

Mike Neville is very different to other Rushden Estate Agents

As part of O’Riordan Bond we are an independent multi office fourteen branch network focused on selling and renting property across NN1 to NN10

The Mike Neville Rushden Office has a team of ten experienced professionals headed by James Coles for Sales and Amy Hamilton Ward on Lettings that focus on delivering customer service excellence across NN8-9-10

Our fourteen branches work together to achieve the best possible price and minimise risk for our vendors and landlords through what can often be a stressful process

We also employ dedicated experienced Client Care Managers who work closely with each client through until the day of your move

We believe Mike Neville is different to other estate agents delivering a bespoke service to each client

We are a member of The Property Ombudsman – so please call 01933 316316 now

Your mortgage

Per year
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%
Choose between 1 and 40 years
Years
%
Monthly repayments
£2,281
We think you can borrow up to
Add your household income above
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These results are estimates and are only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.

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Disclaimer - Property reference 34290289. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Mike Neville Estate Agents, Rushden. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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