Property description

INVESTORS ONLY ALL PROPERTIES LET ON ASSURED
SHORTHOLD TENANCY AGREEMENTS

FIVE, MODERN, CONTEMPORARY, EXECUTIVE APARTMENTS

GUIDE PRICE IF PURCHASING ALL 5, TO INCLUDE THE FREEHOLD £535,000 (FREEHOLD)

OFFERED TO THE MARKET FOR SALE ARE THESE FIVE, MODERN, CONTEMPORARY, EXECUTIVE, APARTMENTS, COMPRISING 4 X ONE BEDROOM AND 1 X TWO BEDROOM (PENTHOUSE) APARTMENTS. EACH APARTMENT HAS ALLOCATED PARKING, HIGH QUALITY FITTED KITCHEN AND BATHROOM/SHOWER ROOM SUITES.

THE PROPERTIES ARE IDEALLY PLACED FOR ALL MAJOR ROAD LINKS AND LOCAL AMENITIES, HAVE GAS RADIATOR CENTRAL HEATING, WITH ALLIED COMBINATION BOILER, COMPLEMENTED BY WAY OF PVC DOUBLE GLAZING, WITH THE APARTMENTS BEING OF BOTH MODERN AND INDIVIDUAL DESIGN.

TOTAL RENTAL INCOME = £2,275 PER CALENDAR MONTH = £27,300 PER ANNUM
BASED ON PURCHASING AT £535,000 = 5.1% RETURN.

The block of apartments is situated towards the top part of Portland Road, in between the turnings into Kings Road and Cromwell Road and the block and apartments can be identified by our for sale boards. Viewings should be made strictly via ourselves the Selling Agents on 01933 316316.

To be confirmed by East Northamptonshire District Council.

Externally the properties each have an allocated parking space (either to the front of the block, the immediate rear or the far rear) and also to the immediate rear there is a cycle store and bin store. All properties have been built to an Architects Certificate.

Outside

Main entrance door to front of building with access for all apartment owners. Access to apartments 1 and 2. Stairs to first floor with access to apartments 3 and 4 and stairs thereafter to second floor to apartment 5 (penthouse).

118 Portland Road
Rushden NN10 0DP

LET AT £425 PER CALENDAR MONTH, SINCE 1/6/12

Window to front, door to:

Door to:

Window to rear, door to:

Window to rear, double door, door to:

118 PORTLAND ROAD
RUSHDEN NN10 0DP

LET AT £425 PER CALENDAR MONTH, SINCE 28/8/14

Window to front, door to:

Door to:

Window to rear, door to:

Window to rear, double door to Storage cupboard.

LET AT £450 PER CALENDAR MONTH, SINCE 14/3/15

Window to front, door to:

Door to:

Window to rear, door to:

Window to rear, double door to Storage cupboard.

118 PORTLAND ROAD
RUSHDEN NN10 0DP

LET AT £425 PER CALENDAR MONTH, SINCE 19/9/14

Window to front, door to:

Hall

Window to rear, door to:

Window to rear, double door to Storage cupboard.

118 PORTLAND ROAD
RUSHDEN NN10 0DP

LET AT £550 PER CALENDAR MONTH, SINCE 25/9/13

Two windows to front, door to:

Hall

Skylight, door to:

Window to front, twodouble door to Storage cupboard, door to:

Skylight, door to:

Window to rear, double door to Storage cupboard, door to Storage cupboard.

AGENTS NOTE - ALL MEASUREMENTS ARE APPROXIMATE. ANY APPLIANCES MENTIONED HAVE NOT BEEN TESTED BY OURSELVES. MONEY LAUNDERING REGULATIONS 2007 We are required to show due diligence in obtaining proof of identity on or before the date the purchaser s offer is accepted by the vendor (seller). Floor plans are for identification purposes only and not to scale. Measurements are approximate. Wall thickness, door and window sizes are approximate. Prospective purchasers are strongly advised to check all measurements prior to purchase. Mike Neville Estate Agents for themselves and the Vendors/Lessors of this property, give notice that (a) these particulars are produced in good faith as a general guide only and do not constitute or form part of a contract (b) no person in the employment of Mike Neville has authority to give or make any representation or warranty whatsoever in relation to the property.

Property Features :

• INVESTORS ONLY
• Let on assured shorthold tenancy agreements
• 5 modern, executive apartments
• Total rental income £2,275 pcm = £27,300 pa
• Based on purchasing at £535,000 = 5.1% return