2 bedroom apartment for sale
Rawson Buildings, 4 Rawson Road, Bradford, West Yorkshire, BD1>
- Tenure: Leasehold
- Investment Opportunity
- Spacious Ground Floor Apartment
- TWO Bedrooms & Private patio
- Apartment Currently Let at £525 pcm.
- Approx. 12.6% Gross Yield.
- Double Glazing + Electric Panel Heating
An exceptional opportunity to purchase an up and running income stream. The development is located adjacent to the Oastler Shopping Centre in the City centre and was built and converted in two phases approximately 14 years ago.
The development is set over three/four floors with 44 Apartments in total split into 4 separate Blocks all within an enclosed courtyard.
The Apartment is one of the largest in the development and located on the ground floor with its own enclosed garden/patio area.
Appliances within the Apartment include oven, hob and canopy, fridge and washer. Being situated in the heart of Bradford City Centre, this is a quite superb opportunity for the discerning investor.
The property is currently let from 2017 and the tenancy is currently periodic. The rent payable is £525 pcm.
Floor Area: 977 Sq Ft Floor: Ground TWO bedrooms Service Charge: £1,174.32 per annum. Currently rented at £525pcm. Tenancy Commenced: 12/10/2017 - Periodic
Leasehold & Ground Rent Information
The Apartments are sold subject to a 125 year lease granted on 1st January 2007. The Ground Rent is £180.00 PA per Apartment, payable on the 1st January each year. The Rent reviews are every 25 years, the 1st of which is the 31st December 2032. The Ground Revised Rent will double every 25, years i.e. £360.00 from 2032 - 2057 etc. The Service Charges are £1,174.32 PA, 1st April 2020 to 31st March 2021. Payable monthly at £97.86 per month. The Buildings Insurance is arranged by the Freeholder and recharged to individual Leaseholders on the 1st April each year. The premium due for the Apartment was £143.60 for 2020/2021. The Head Lease specifies a Reserve Fund contribution is to be made at the rate of £200.00 pa per Apartment. However this has been reduced to £100.00 for the last 5 years as the reserve fund currently held is considered healthy by the Director and Management Company.
Property information from this agent
Whitegates - Bradford
65 Darley Street Bradford BD1 3HN
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