Property Description

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.

Flood Risk

Rivers and Seas No Risk. Surface Water Very Low.

Mobile Phone Coverage

O2, EE, Three and Vodafone are available.

Broadband (estimated speeds)

Standard 4 mbps. Superfast 80 mbps. Ultrafast 1000 mbps.

Satellite and Cable TV Availability

BT and Sky are available.

Construction Material

Sandstone or limestone, as built, no insulation (assumed).

Draft Sales Details

These sales details are awaiting vendor approval.

Tenure

Freehold

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