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Flat 16, Theatre Court
Northamptonshire,
NN1 1TY
Guide Price
Flat/Apartment
1
1
1
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FOR SALE BY AUCTION ON WEDNESDAY 26TH FEBRUARY 2025 COMMENCING AT 11AM -
SALE VIA A LIVE-STREAMED AUCTION
GUIDE PRICE: £130,000 - £140,000 LEASEHOLD
** PLEASE CALL FOR VIEWINGS **
A fantastic opportunity to purchase a fabulous one-bedroom penthouse apartment situated in the heart of Northampton town centre. This spacious one-bedroomed apartment presents an internal floor area of approximately 750 square feet comprising entrance hall, master bedroom, bathroom, open plan kitchen/lounge & diner. The property benefits from a feature south-facing balcony with the building also containing a lift. The property is currently let on an assured shorthold periodic tenancy generating £930 per calendar month which is an 8.5% yield.
Entered via a telecom system, glass double doors, there is a lift to the top floor giving access to the:-
13'10 x 3'05 plus 10'06 x 6'03
There is a wood effect flooring with windows to the side elevation and access to a storage cupboard containing the combination boiler, further doors leading to:
9'03 x 8'05
Suite comprising of shower and separate bath with WC, hand wash basin, tiled floor and half tiled walls.
13'06 x 13'00
Two casement window to the rear elevation with wood effect flooring and space for a double bed with TV points connected.
26'07 x 12'10
The kitchen area has a range of floor and wall mounted storage cabinets with four ring gas hob, oven below with extractor above, integrated dishwasher, stainless sink and drainer, tiled splash backs, space for an American style fridge/freezer. The lounge area has continued wood effect flooring with windows and doors leading to the balcony which has a south facing aspect.
The property is offered with the benefit of a 125 year lease commencing 1st October 2004.
Ground Rent = £200.00 PA
Buildings Insurance £300.00 PA
Service Charge = £1,000.00 PA
Cleaning of windows is also a service not included in the Leasehold
Please note that every endeavour has been taken to ensure accuracy of any lease information but we advise any prospective purchaser to have this checked by their own legal representative.
Flat 16 is of non standard construction materials and as such may not be mortgageable through the main stream lenders at standard mortgage interest rates. Buyers interested in acquiring this property with mortgage funding are advised to fully investigate their ability to raise funds prior to incurring costs related to their purchase.
Mains drainage, water, gas and electricity are connected. Heating is through radiators from a gas fired boiler which also provides the domestic hot water. The apartment is fitted with a security alarm.
There are a variety of shops, restaurants and public houses and a number of niche retail outlets, all within walking distance. Nearby Guildhall Road is the home of the historic Royal Theatre of Northampton, one of the oldest Repertory Theatres in the country. Adjacent to the Royal is the Derngate Theatre and opposite is the Northampton Boot and Shoe Museum. Beckets Park stands close by. All major shopping and service facilities are within walking distance of the property, as are Northampton central bus station and Northampton railway station.
West Northamptonshire Council - Band C. Anglian Water
*Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide. Additional Fees and Disbursements will charged to the buyer - see individual property details and Special Conditions of Sale for actual figures.
The purchaser will be required to pay an administration charge of £1,200 (£1,000 PLUS VAT)
The purchaser will be required to pay an administration charge of £1,140 (£950 plus VAT).
The property is located in the heart of Northampton town centre behind the Derngate Theatre within walking distance to all shops and facilities.
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