This morning I’ve come across this modern two bedroom ground floor apartment being sold with a tenant in situ and advertised as **INVESTORS ONLY** so I thought it would be worth a mention today!
It’s in the hot spot rental area of The Life Building in St James, Northampton and is marketed for sale with William H Brown.
Unfortunately I cannot see on the advert how much rent the current tenant is paying, so a call would need to be made to them to check that out. In today’s market, the rent should be in the region of £695.00 pcm which would offer a very respectable return of 5.9% per annum based on the asking price of £140,000.
I have suggested properties with tenants in situ in the past, and would say it’s quite a straight forward process but make sure you have a good agent managing it for you!
This is the link to the Rightmove advert, but if you’re interested give the selling agent a call….