Terraced House
An excellent investment opportunity to purchase, five tenanted properties in Yorkshire. Each property is fully tenanted and sold with a combined income of £58,200 per annum representing an attractive yield of 14.55%. Based on comparable evidence.
Each property is situated in a well serviced, residential area with all necessary amenities nearby. All properties have been recently refurbished to provide a hands off investment opportunity.
131 Burnham Gate, Burnley, BB11 4SE - £825 per calendar month
This property has been fully retrofitted, new boiler and heating system, basement converted to kitchen, full rewire with EICR certificate, new bathroom, new windows, converted to licenced HMO let on a 1 year AST agreement.
2 Duke Street, Keighley, BD20 6AB - £1050 per calendar month
This property has been stripped back to brick and had the below works - Basement converted to kitchen/living space, all walls tanked and damp proofed, exterior walls insulated, new gas central heating system, new windows and fire doors, full rewire with EICR certificate, new roof and gutters, converted to licenced HMO on a 3 year contract to Mears.
20 Elizabeth Street, S63 9NA - £875 per calendar month
This property has been fully retrofitted, new boiler and heating system, basement converted to kitchen, full rewire with EICR certificate, new bathroom, new windows, converted to licenced HMO let on a 1 year AST agreement.
87 Victoria Road, Keighley, BD21 1JF - £1050 per calendar month
This property has been fully retrofitted, new boiler and heating system, basement converted to kitchen, full rewire with EICR certificate, new bathroom, new windows, converted to licenced HMO let on a 1 year AST agreement.
12 Drewry Road, Keighley, BD21 2PU - £1050 per calendar month
This property has been fully retrofitted, new boiler and heating system, new bathroom, new windows, full rewire with EICR certificate, licenced HMO let on a 1 year AST agreement.
Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.
Construction Material: Standard Brick / Sandstone or Limestone. Heating: Boiler, mains gas. Broadband Coverage: Standard, Ultrafast and Superfast are available in this location. Mobile signal - O2, Vodafone, EE and Three show as available. Satellite and Cable - BT and Sky show as available in this area.
Freehold. Subject to tenancy.
- Heating Supply: Gas
- Electric Supply: Mains Supply
- Water Supply: Mains Supply
- Sewerage Arrangements: Mains Supply
On Street
Auction Details
The sale of this property will take place on the stated date by way of Timed Auction and is being sold under an 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 fees apply:
• 5% deposit (subject to a minimum of £5,000)
• Buyers Fee of 4.8% of the purchase price (subject to a minimum of £6,000 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.
