Block of Apartments
A rare opportunity to own a freehold block of apartments in East Ardsley, WF3. The development comprises 6 x 2 bedroom apartments, including some duplex units. They were converted, and have been well maintained by the current owner over the years. Currently fully let to professional tenants, the building generates an income of £43,680 per annum. According to the managing agent - If rents were to increase, in line with current market levels, the apartments could all achieve between £700-£800pcm. This equates to a potential income of £50,000-£60,000 per annum.
Just two of the apartments have had their own leases drawn up and these are included in the sale. This provides the new owner with the chance to create leases on the four remaining flats, giving them resale options.
Each apartment has two double bedrooms, modern kitchen and bathroom, an open plan living space and intercom. Externally, a small communal garden and parking area for residents can be found at the rear of the development, accessed via the side road.
Location
Located in the peaceful village of East Ardsley, the property is close to the M1 and M62 motorway networks. The development is 9 miles south of Leeds (via majority motorway) and 3.5 miles north of Wakefield.
Rivers and Seas No Risk. Surface Water Very Low.
O2, EE, Three and Vodafone are available.
Standard 4 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.
BT and Sky are available.
Sandstone or limestone, as built, no insulation (assumed).
These sales details are awaiting vendor approval.
Freehold. Subject to tenancy.
- Heating Supply: Double Glazing, Electric
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
Off Street
Auction Details
The sale of this property will take place on the stated date by way of Auction Event and is being sold under and Unconditional sale type.
Binding contracts of sale will be exchanged at the point of sale.
All sales are subject to SDL Property Auctions Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fee apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of 1.2% of the purchase price (subject to a minimum of £1,500 inc. VAT)
The Buyers Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property.
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 (and any applicable Home Report for residential Scottish properties).
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.
