Block of Apartments
Five self-contained flats in Idle, Bradford, currently part-let producing £20,400 per annum with potential to increase.
Situated within the popular town of Idle, approximately four miles north of Bradford City Centre is this substantial property comprising five self-contained flats. The property is located within walking distance of the town centre and all necessary amenities and services can be found nearby, including shopping facilities, schooling and transport links. Bradford City Centre is easily accessible with convenient road links nearby and public transport services providing a direct route, ideal for commuters. Transport links in the area include a regular bus network and train services operate from Apperley Bridge, Shipley, Baildon and Bradford City Centre, all within a few miles from the property. The property itself has been well maintained and benefits from spacious accommodation throughout with potential to extend or make use of the large cellar which is currently being used as storage space. The property has been fully let up until recently and when fully let the property produces £2,200 per calendar month. With one flat currently vacant, the income remains at £1,700 per calendar month. We believe that there is potential to increase the income beyond the £2,200 per calendar month. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
A breakdown has been provided below:
Ground floor, one bedroom flat sold with vacant possession.
Ground floor, two bedroom flat currently tenanted at £400 per calendar month.
First Floor, two bedroom flat currently tenanted at £500 per calendar month.
First Floor, two bedroom flat currently tenanted at £400 per calendar month.
Ground Floor, one bedroom flat currently tenanted at £400 per calendar month.
These sales details are awaiting vendor approval.
Freehold. Part let/part vacant.
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales).
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions’ Buyers Terms.
Auction Deposit and Fees
The following deposits and non- refundable auctioneer’s fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price and will be considered as part of the chargeable consideration for the property in the calculation of stamp duty liability.
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page.
This guide includes details on the auction registration process, your payment obligations and how to view the Legal Pack.
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or – 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
