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Colwyn Road, Northampton... 6 bed terraced house for sale
Colwyn Road, Northampton, Northamptonshire, NN1
£625,000
Colwyn Road, Northampton, Northamptonshire, NN1
£625,000
Our Summary
- FREEHOLD INVESTMENT OPPORTUNITY OF FIVE SELF-CONTAINED APARTMENTS ALL LET ON ASSURED SHORT HOLD TENACIES TO PROVIDE A SUBSTANTIAL INCOME, CLOSE TO SHOPS AND PARKHigh quality freehold investment property comprising five self-contained apartments situated in a popular location close to park and shopping facilities
Description
This is a freehold investment property comprising five self-contained apartments, all let on assured short hold tenancies, generating a current gross rental income of £53,400 per annum. The apartments are situated in a popular location close to shops, park, and Northampton Racecourse, with communal rear gardens and on-road parking. The property has a high-quality finish and benefits from individual meters for utilities and council tax, with the landlord paying a single water charge for all apartments. The property is rated Band A for council tax and has an EPC rating available upon request. This investment opportunity provides a substantial income and a gross yield of 8.5% at the asking price, making it an attractive option for investors seeking a stable and lucrative return.