This property is no longer on the market
6 bedroom block of apartments
Key information
Property description & features
- Tenure: Leasehold
- Currently Achieving £26,400 with the Potential to achieve £33,060 per annum
- 4 x 1 bed apartments , 1 x studio apartment , 1 x 2 bed apartment
- Ideal Investment Property
Guide Price: £270,000+
For sale by online auction on 13/12/2022 14:00, ending on 13/12/2022 20:00.
UK Property Group are please to bring to the auction this fantastic high yielding investment property in Heckmondwike.
PROPERTY PARTICULARS
This stone built property is over 3 floors with private car park and was converted into 6 Flats over 15 Years ago.
4x1 Bed Flats
1x studio flat
1x 2 bed flat
FLAT PARTICULARS
Flat 5b -
Size: 366 Sq.Ft. (34 Sq.M.)
Leasehold 983 years remaining
Council tax band A
Flat 5C
Size: 593 Sq.Ft. (55 Sq.M.)
Leasehold 983 Years Remaining
Council tax band A
Flat 5D
Size: 280 Sq.Ft. (26 Sq.M.)
Leasehold 983 Years Remaining
Council tax band A
Flat 5E
Size: 366 Sq.Ft. (34 Sq.M.)
Leasehold 983 Years Remaining
Council tax band A
Flat 5F
Size: 388 Sq.Ft. (36 Sq.M.)
Leasehold 983 Years Remaining
Council tax band A
Flat 5G
Size: 356 Sq.Ft. (33 Sq.M.)
Leasehold 983 Years Remaining
Council tax band A
INCOME
4x1 Bed £350pcm (£1400)
1x studio £350pcm
1x 2 bed £450pcm
Total Annual Income: £26,400
The flats are in need of a rent review to bring them in line with comparable properties in the area. There is a potential for the flats to achieve the following:
1 Bed Flats £450 PCM
2 Bed Flat £550 PCM
Studio Flat £400 PCM
Total Annual Income £33,060
TENURE
All Flats are Leasehold
Terms of Sale
Property is for sale by the modern method of auction. This is an unconditional sale. The Purchaser shall pay a 5% deposit (subject to a minimum of £5,000) upon the fall of the hammer. In addition, a 3% Buyers Premium, Subject to a minimum £6000 and contracts are exchanged. The purchaser is legally bound to buy, and the vendor is legally bound to sell the Property/Lot. The auction conditions require a full legal completion 28 days following the auction (unless otherwise stated).
Pre Auction Offers
Some vendors will accept offers prior to auction, however these must be above the guide price to be considered. If any such offer is accepted the property will still be sold under auction terms and conditions.
General
While we endeavour to make our sales particulars fair, accurate and reliable, they are only a general guide to the property and, accordingly, if there is any point which is of particular importance to you, please contact Uk Property and we will be pleased to check the position for you.
The Agent has not tested the utilities, appliances, or inspected the roof space. The floor plans and dimensions are for guidance only.
Services
Please note we have not tested the services or any of the equipment or appliances in this property, accordingly we strongly advise prospective buyers to commission their own survey or service reports before finalising their offer to purchase.
Anti-Money Laundering Regulations:
In line with anti-money Laundering regulations Intending purchasers will be asked to produce identification documentation and maybe proof of funds when submitting an offer to purchase the property.
Particulars
These particulars are issued in good faith but do not constitute representations of fact or form part of any offer or contract. The matters referred to in these particulars should be independently verified by prospective buyers. Neither Uk Property Group or any of its employees or agents has any authority to make or give any representation or warranty in relation to this property.
Places of interest
UK Property Auctions - Melton Mowbray
The Croft Melton Road Hickling Pastures, Melton Mowbray LE14 3QG
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Property reference 189396. The information displayed about this property comprises a property advertisement. OnTheMarket.com makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and OnTheMarket.com has no control over the content provided by the agent or developer. This property advertisement does not constitute property particulars. The information is provided and maintained by UK Property Auctions - Melton Mowbray.
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Broadband availability and predicted speed
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Mobile phone signal availability and predicted strength
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Clear: No bars, no signal predicted
Red: One bar, reliable signal unlikely
Amber: Two bars, may experience problems with connectivity
Green: Three bars, likely to have good coverage and receive a data rate to support basic web services
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Energy Performance data and Internal floor area
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