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Bradford Road, Shipley, West Yorkshire, BD18 3NP (For Sale)

£250,000
Under Offer
Bradford Road, Shipley, West Yorkshire, BD18 3NP

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Property Type: End Terrace | Bedrooms: 6 | Receptions: 0 | Kitchens: 5 | Bathrooms: 5

Details

Location: Shipley

Features
  • GREAT INVESTMENT OPPORTUNITY WITH NEARLY 100% TENANT OCCUPANCY
  • CURRENTLY PROVIDING AN ANNUAL YIELD OF 8% (20,380)
  • SUBSTANTIAL RESIDENTIAL DEVELOPMENT OF FIVE INDIVIDUAL SELF-CONTAINED FLATS
  • ONE COMMERCIAL SHOP
  • AN FURTHER SIXTH FLAT CAN BE A CREATED IN THE BASEMENT (ON THE SIDE OF LEYBURN GROVE)
  • SALTAIRE VILLAGE, BRADFORD´S WORLD HERITAGE SITE, IS LITERALLY A STONE THROW AWAY

Description

Bradford Estates are pleased to offer this substantial residential development of five individual self-contained flats & one commercial shop.

This investment property consisting of; three one bedroom flats, two studio and a commercial shop. An further sixth flat can be a created in the basement (on the side of Leyburn Grove) which could be developed into a one bed flat, subject to any necessary planning consent with a monthly rental potential of around 385pcm.

AGENT´S NOTE:
Great investment opportunity with nearly 100% tenant occupancy. Currently providing a annual yield of 8% (20,380), which will increase to 9% (24,900) once Flat 1b is let out.

Individual Flats/studio

BASEMENT:

Flat 1B: Is currently unoccupied due to decorative improvements. The last tenant occupied this flat from 2001 to 2015.

Previous Rent Achieved: 80 per week / 346.66 per calendar month = 4,159.92

GROUND FLOOR:

Commercial Shop: This is currently tenanted. The tenant moved into the shop in January 2008 and is currently being used as a hairdresser.

Rental: 75 per week / 325 per calendar month = 3,900


Flat 1: One bedroom flat and is currently tenanted. Current tenants moved into the flat in January 2016

Rental: 88.85 per week / 385 per calendar month = 4,620

FIRST FLOOR:

Flat 2: One bedroom flat and is currently tenanted. The tenant moved into the flat in April 2012.

Rental: 85 per week / 368.33 per calendar month = 4,419

Flat 3: Is a studio and is currently tenanted. The tenant moved into the studio in January 2016.

Rental: 65 per week / 281.66 per calendar month = 3,379

SECOND FLOOR:

Flat 4: One bedroom flat and is currently tenanted. The tenant moved into the flat in March 2006.

Rental: 85 per week / 368.33 per calendar month 4,419

The property is within walking distance of Shipley Town centre, Shipley College and Saltaire railway station. Regular bus services providing access into the Bradford city centre along the A650 and surrounding areas. A number of shops, bars, restaurants and a Co-op supermarket are also within a few minutes walk of this property.

Saltaire village, Bradford´s World Heritage Site, is literally a stone throw away. Saltaire village was created by the world famous visionary Sir Titus Salt in the late 1800s. The old architecture still remains in beautiful awe till today.

THE PROPERTY MISDESCRIPTIONS ACT 1991:
Any areas, measurements or distances are approximate. Land measurements are provided by the vendor and buyers are advised to obtain verification from their solicitor. The text, photographs and plans are for guidance only and are not necessarily comprehensive. Items shown in the property photographs are not included unless specifically mentioned within the sales particulars although they may be available by separate negotiation. Bradford Estates Ltd. cannot verify that the fixtures and fittings, equipment or services are in working order or fit for the purpose and buyers are advised to obtain verification from their solicitor. The tenure of a property is based upon information supplied by the seller and buyers are advised to obtain verification from their solicitor.

Ref: 4BD183NP

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