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14 bedroom block of apartments for sale
Victoria House, 64-68 Midland Road, Wellingborough, Northamptonshire, NN8
£1,200,000
Victoria House, 64-68 Midland Road, Wellingborough, Northamptonshire, NN8
£1,200,000
Our Summary
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Description
This is a rare opportunity to purchase 14 apartments in the heart of Wellingborough, with a majority share of freehold and each individual leasehold coming with a share of the freehold. The apartments, comprising 8 one-bedroom and 6 studio-style apartments, are situated near local amenities and within a 10-minute walk of the mainline train station, hospital, and nearby road links. The properties benefit from a communal private parking area to the rear and a lower-level courtyard to the front. Each apartment has its own unique layout, with varying EPC ratings, ranging from D to E. The apartments are being sold with no forwarding chain, and the leases are in excess of 900 years. The service charge is £59.90 PCM per dwelling, with no ground rent applicable. The apartments are expected to generate rental income, with market values ranging from £550 to £625 per month, depending on the apartment's condition and location.