Commercial Property - Investment - INCOME PRODUCING HMO INVESTMENT

INCOME PRODUCING INVESTMENT
SCOPE FOR FURTHER DEVELOPMENT/ALTERNATIVE USES (SUBJECT TO OBTAINING THE REQUISITE CONSENTS)
POPULAR RESIDENTIAL LOCATION
PROMINENT LOCATION OPPOSITE TESCO EXPRESS
THE PROPERTIES ARE AVAILABLE TO PURCHASE AS AN INCOME PRODUCING INVESTMENT SUBJECT TO THE EXISTING TENANCY AGREEMENTS AT AN ASKING PRICE OF £1,200,000 EXCLUSIVE.
Location: 

Northampton is one of England’s fastest growing towns and is the strategic location for many
national organisations as their central hub for business. Northampton has excellent rail and road
communications, with hourly train services to London and road links to the M1 at Junctions 15,
15a & 16 and additionally to the A14 in the North. Northampton currently has an Enterprise Zone
status which aims to support both new and expanding businesses by offering incentives.
The properties are located on St. Matthews Parade, approximately one mile east of Northampton
town centre and three miles east of junction 15 of the M1 motorway. The Kettering Road (A508) is
the major arterial road linking Northampton and Kettering

Description: 

Comprising of two neighbouring Victorian terrace properties.
There are gardens to the rear and garages. This may offer scope for further development to
include extensions/coach house style accommodation (subject to obtaining the requisite
consents).

Tenancy: 

The properties currently comprise of a combined 14 bedrooms for 16 occupants.

Current income - £81,120 per annum

Accommodation: 

 

 

Rates: 
Rateable Value: £TBC
Rates Payable 2022/23: £TBC

(Excludes Small Business Rates Relief which may apply)

The Rates Payable figure is an estimate. It does not take into account any Transitional Arrangements. It is important that interested parties verify this information with the relevant Borough Council Rating Department.

Terms: 

THE PROPERTIES ARE AVAILABLE TO PURCHASE AS AN INCOME PRODUCING INVESTMENT SUBJECT TO THE EXISTING TENANCY AGREEMENTS AT AN ASKING PRICE OF £1,200,000 EXCLUSIVE.

VAT: 

All figures quoted are exclusive of any VAT that the vendor may have a duty or choose to impose.

Viewing: 

Strictly by appointment through the Sole Agents: HADLAND CHARTERED SURVEYORS TEL: 01604 639657

Sub Location: 
ST. MATTHEWS PARADE