I have a corporate investor who's looking to sell a number of apartments in Northampton - all in the same ALPHA HOUSE building. They'll sell individually over the next few months for about £115,000 (1 bed) and £135,000 (2 bed) but I sensed from a conversation today that there might be a deal on the table if someone takes multiple units.All apartments are tenanted and have been managed by us since built 10 years ago. There are no problems with any of the tenancies. 1 beds will be achieving £575 and 2 beds £675.
These are nice modern apartments, well finished, building is 5 mins walk from the mainline station. We rent many in the building - they rent constantly and consistently - void periods are almost non-existent.
Leases will be around the 115 year mark and annual charges will be around £1400 (1 bed) and £1700 (2 bed).
There are 5x 1 beds which we would sell individually for £115,000
There are 5x 2 beds which we would sell individually for £135,000
If someone would take 5+ units in one go, a saving of £10,000 per unit may be achievable.
If you're interested in these, get in touch as the number available (and the potential for a price reduction) will diminish as individual units are sold. richard.baker@belvoir.co.uk
