Description
- AVAILABLE IN OUR ONLINE AUCTION AT 3PM ON TUESDAY THE 16TH AUGUST 2022 - LOT 1
- Freehold Investment Opportunity
- 5 Self contained apartments
- Off street parking
- Double glazed
- Communal gardens
- Central heating
Description This freehold residential investment property comprises 5 extremely well maintained and appointed self-contained apartments arranged over three floors with exceptionally neat and tidy communal hall stairs and landing's. Plus immaculate garden areas and tidy communal rear seating and laundry area to the rear.
Annual rental income of £38,940, for 5.37% based on guide.
There is, in addition a large offstreet parking area currently accessed from the rear service lane this we believe, has the potential as a building plot, subject to the necessary planning consents and enhances the opportunities this property presents to the astute purchaser. The front garden area includes a vegetable plot, loaned for Starbeck community use on an informal basis, but retained in the full ownership of the vendor, this land could be reacquainted with with the property and thus allow additional access to the front and side elevations from the High Street, subject to the necessary consents.
All apartments are double glazed and have independent gas central heating systems, the property has up to date fire systems including emergency lighting and is gas and electrical safety certified. The building has been well maintained both internally and externally and represents an excellent investment opportunity, with added potential for further rental enhancement.
Rental Terms Flat 1 - £650 pcm, £7,800 pa let to 31.7.22
Flat 2 - £650 pcm, £7,800 pa let to 5.11.22
Flat 3 - £625 pcm, £7,500 pa let to 30.9.22
Flat 4 - £595 pcm, £7,140 pa Assured periodic tenancy
Flat 5 - £725 pcm, £8,700 pa Assured periodic tenancy
Total: £38,940 per annum
Location Positioned on Starbeck High Street this double fronted end of terrace imposing property is located within this thriving and popular neighbourhood, well served by local amenities and public transport links including good road and rail access to Harrogate, Leeds, York and beyond
Tenure Freehold. The property is offered for sale freehold subject to the existing Assured shorthold tenancies.
Energy Performance Certificate Flat 1, Grade E, Flat 2 & 3, Grade D, Flat 4 & 5 Grade C.
Services All mains services are connected to the property.
Solicitors Newtons, St James Business Park, Grimbald Crag Court, Knareborough, HG5 8QB. Tel: 01423 789050. FAO: Kelly Teal.
VAT All figures quoted are deemed exclusive of VAT where applicable.
*See general conditions of sale for further information relating to the definition of Guide Price, Reserve Price and Additional Non Optional Fees and Costs.