Block of apartments for sale

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Block of apartments for sale

12 Victoria Road, Wellingborough NN8 1HN
£15,000

Our Summary

  • Investment Opportunity 4 Self-Contained Flats let on 99 Year Leases
  • Investment Opportunity For Sale

Description

This investment opportunity presents four self-contained flats, each let on a 99-year lease. The leases have varying annual rent increases, with the rent rising to £300 after 33 years and then to £450 for the final 33 years. The freehold interest is being sold, and current leaseholders who wish to purchase the freehold will be served a Section 5 Notice under the Landlord and Tenant Act 1954. The property is exempt from EPC rating. This is a unique opportunity for investors to acquire a portfolio of flats with long-term leases and potential for future rent increases.
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