Reservoir Road, Kettering, Northamptonshire, NN16

** Turnkey Buy to Let / Tenant in Situ / Long Lease / Immediate Rental Income / No Chain **

An exceptional opportunity to acquire a ready-made investment with an immediate rental income, this well-presented one-bedroom top floor apartment is offered for sale with a reliable, well-referenced tenant already in situ, currently paying £775 per calendar month.

Offered at an asking price of £110,000, the property generates an attractive gross rental yield of approximately 8.45%, making it a compelling proposition for both experienced landlords and those looking to begin or expand their investment portfolio.

Combined with an impressive 977-year lease, allocated parking and a strong rental history, this is a genuine turnkey investment ready to produce income from the day of completion.

The accommodation is bright, spacious and thoughtfully designed, centred around a generous open-plan living area where a large front-facing window fills the room with natural light, creating a welcoming and comfortable living environment.

An open archway leads seamlessly into the contemporary fitted kitchen, which offers a comprehensive range of base and wall-mounted units, ample work surface space, integrated cooking facilities and room for additional white goods.

The spacious double bedroom enjoys a pleasant front aspect and provides plenty of room for a full range of bedroom furniture, while the modern bathroom is fitted with a contemporary suite.

A particularly useful, generously sized storage cupboard accessed from the entrance hall offers valuable additional storage, further enhancing the practicality of the apartment.

The communal areas are bright and well maintained, whilst outside, the property benefits from an allocated parking space and bike stores for resident use adding further desirable features that continues to appeal to tenants, adding further value to this already attractive investment.

Conveniently located within easy reach of local shops, everyday amenities and excellent transport links, the apartment occupies a popular location that continues to experience strong rental demand.

With an established tenancy already in place, immediate rental income from completion, an attractive 8.45% gross yield at the asking price and an exceptionally long lease, this property represents a hassle-free investment offering excellent income from day one together with strong long-term capital growth potential.

Lease Information:

We are advised that the property benefits from:

Approximately 977 years remaining on the lease.
Ground Rent: £75.00 every six months
Service Charge: £664.96 every six months

The gross rental yield has been calculated using the current rental income of £775 per calendar month and the asking price of £110,000. Purchasers should satisfy themselves with regard to all financial calculations.

Take a look at our high-definition virtual tour for an immersive preview, then contact the friendly team at Your Move Nolan Throw to arrange your viewing or discuss this fantastic investment opportunity further.

IMPORTANT NOTE TO POTENTIAL PURCHASERS & TENANTS:
We endeavour to make our particulars accurate and reliable, however, they do not constitute or form part of an offer or any contract and none is to be relied upon as statements of representation or fact. The services, systems and appliances listed in this specification have not been tested by us and no guarantee as to their operating ability or efficiency is given. All photographs and measurements have been taken as a guide only and are not precise. Floor plans where included are not to scale and accuracy is not guaranteed. If you require clarification or further information on any points, please contact us, especially if you are traveling some distance to view. POTENTIAL PURCHASERS: Fixtures and fittings other than those mentioned are to be agreed with the seller. POTENTIAL TENANTS: All properties are available for a minimum length of time, with the exception of short term accommodation. Please contact the branch for details. A security deposit of at least one month’s rent is required. Rent is to be paid one month in advance. It is the tenant’s responsibility to insure any personal possessions. Payment of all utilities including water rates or metered supply and Council Tax is the responsibility of the tenant in most cases.

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