No longer on the market
This property is no longer on the market
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Floorplan
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Area stats4 bedroom terraced house
Key information
Features and description
- For sale by auction on the 27th March 2024
- Guide price £350,000
- Lower ground floor and ground floor two bedroom apartments
- Currently generating £19,440 per annum
- Great addition to rental portfolio
- EPC: Flat 1 - D, Flat 2 - C
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The freehold includes the lower ground floor and ground floor tenanted two-bedroom apartments. Each apartment has its own private entrance, the property also has off street parking to the rear. The apartments in total are generating a gross rental income of £19,440 per annum. Ideal for someone looking to add to their rental portfolio.
Apartments 3 & 4 were previously sold off on 125-year leases from 1st January 2006. We understand that a ground rent of £264 per annum is payable per annum by the leaseholders. The lease also allows the freeholder to recover the cost of repairs via a service charge. Please refer to the legal pack for more information in this regard.
Valley Drive is a highly desirable residential area close to Harrogate's town centre which boasts many attractions such as boutique shopping, Betty's famed Tea Rooms and the 200 acre Stray parkland. Transport links are easily accessible with the train line running to the main stations at York and Leeds, the A1M linking into the national motorway network only eight miles away, and Leeds Bradford International Airport a mere thirty minutes’ drive.
Please note: a 10 working day completion applies to this lot.
Rooms
ACCOMMODATION
Lower Ground Floor Flat 1
Lounge, kitchen, two bedrooms and bathroom.
Ground Floor Flat 2
Lounge, kitchen, two bedrooms and bathroom.
Additional Information
Council Tax
Flat 1 Band B
Flat 2 Band B
Tenure
Freehold
Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT.
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's solicitor. For more details, please see the legal pack.
Guide Price
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.
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