Batley is an attractive market town in West Yorkshire, approximately 9 miles south west of Leeds city centre. The subject property is situated on Well Lane on the southern perimeter of the Tesco Extra site in the town centre.
Kings Court, Halifax is located on the eastern side of Aked’s street which is immediately to the north of the A58 (Burdock Way) less than one mile to the west of Halifax town centre.
Lincoln is a cathedral city in the East Midlands. Westminster House is approximately 2 miles directly north of Lincoln city centre, situated at the eastern end of Welton Gardens. Welton Gardens is a cul-de-sac which is accessed off Laughton Way North.
Westminster Court is a three storey traditionally constructed building comprising of twelve apartments. The subject property is a duplex apartment situated on the first and second floors and is accessed by a set of stairs from a communal entrance door at ground floor level.
The living accommodation on the first floor includes an open plan kitchen / dining area, separate living room and entrance hall. At second floor level there are two double bedrooms, a separate bathroom and a toilet.
The kitchen benefits from an integrated hob and oven, fitted base and eye level units, stainless steel sink and drainer, tiled splash backs and vinyl floors. The dining room off the kitchen area has wood laminate flooring.
The lounge has carpeting, a gas fire, wall mounted radiators, good natural light and a balcony.
The bathroom has a bath with a hand held shower hose, sink and vinyl floor.
There is gas central heating via wall mounted radiators, UPVC double glazing and intercom access. The apartment has been refurbished within the last 1 months. There is a shared garden to the rear of the property.
Talbot Mills is a three storey building comprising of twelve apartments in total. There are four apartments on each floor and access is via an entrance door at ground floor level from Well Lane.
The apartments all have an open plan living / kitchen area, separate bathroom and a separate bedroom. Flooring is predominantly carpeted throughout with ceramic tiles to the kitchen and bathroom areas. There is UPVC double glazing, plastered and painted walls, ceiling pendant lights and high ceilings to all apartments.
The kitchens all have electric hobs, integrated ovens, space for a washing machine and fridge under the work surfaces, tiled splash backs and fitted base and eye level units. The bathrooms all have a bath with shower over, W.C, hand basin, extractor fans and tiling around the bath.
The apartments are all modern and have been well maintained. As a result, outgoings on the property are expected to be low.
Kings Court Halifax is a three storey block of apartments within a gated development, having shared gardens fronting Aked’s Road.
Apartment 6 is on the ground floor and has one double bedroom, separate kitchen, separate living room and a bathroom.
Apartment 14 is on the second floor and has one double bedroom, separate kitchen, separate living room and a bathroom.
Electricity, water and drainage are connected to all flats.
All flats are long leasehold. Lease length to be confirmed.
For sale by Auction
No VAT is payable on the purchase price.
Six of the flats are located in Batley which is located within a 7 mile radius of two of the three largest cities in Yorkshire – Bradford and Leeds. The strong retail demand in Batley saw a £30 million Tesco superstore open that employs over 450 local staff in its 80,000 sq. ft. store. The six flats in Batley are all in the same block which is in a highly desirable location in the town centre. The flats are all modern and only require a low level of maintenance. The flats in Batley have previously all rented for £425 pcm but to avoid any void periods an agreement was reached with a housing association and all flats are now rented at £350 pcm.
The flat in Lincoln was refurbished approximately two years ago and offers modern living accommodation close to the city centre. The current tenant has been in occupation since May and has agreed to renew his lease for an additional 12 months.
One flat in Halifax has been rented to the same tenant for 5 years and the other flat has been let to the same tenant for 3 years.
The total annual rental income of the portfolio is £40,800 and reflects a yield of 9%. If the rents were increased to £425 pcm on the Batley flats the reversionary yield would reflect approximately 10%. As above, the flats in Batley have all been previously let at £425 pcm.
Please contact the sole selling agents
John Pye Property.
Telephone: 0115 970 6060
To view this property, please contact John Pye Property – email@example.com – 0115 970 6060
Chris Roper, MRICS
Phone: 0115 970 6060
Our Ref: PR068