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Lot No.

Apartment Leasehold

Bingley Road, Apartment 116, Bradford, United Kingdom, BD9 6FG View Map View Map

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Apartment Leasehold

£180,000

Guide price (plus fee)
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**SALE BY AUCTION** – A Modern Fully Furnished Third-Floor Studio Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum with a 10% NET Return Assured for 25 Years, – Fully Hands-Off Investment with a Buy-Back Option at Year Three Offering a 30% Uplift. **For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack.** Description: The property comprises a third-floor studio apartment within Card House, a listed former mill building that has been carefully converted to provide modern residential accommodation. Extending to approximately 388 sq. ft., the apartment offers light and spacious living throughout. The accommodation includes a generous open-plan living and bedroom area, a fitted kitchen with a range of wall and base units, built-in oven, hob, extractor, fridge-freezer and stainless-steel sink unit, together with a tiled shower room incorporating cubicle, WC and hand basin. Externally, shared parking spaces are available. This is a cash-only purchase and presents an exclusive investment opportunity in Batley. The apartment is fully furnished, completed and tenanted, and is let on a guaranteed rent agreement fully backed by a government scheme and secured through a CBS Registered Housing Association. The investment generates £18,200 gross rent per annum, with a 10% NET return assured for 25 years. Returns are immediate, with rental income paid from completion of purchase. A buy-back option is available at year three with a 30% uplift, providing an additional opportunity for capital growth. This is a fully hands-off investment, designed to deliver strong, high yield returns with no void periods, no service charges and no management fees. Tenure: Leasehold. Held on a 125-year lease from 2017, with approximately 116 years unexpired Location: Card House is located on Bingley Lane in Bradford. To the west are two golf courses, to the north lie mature protected woodlands and open fields owned by Hallmark, and to the east is a recently completed private housing development and Belle Vue Girls’ School. The property enjoys convenient access to local amenities, schools and transport links, with Bradford city centre located nearby. Accommodation: Studio Room / Living Area Kitchen Shower Room External Parking
Tenure
Leasehold
Council Tax Band
A
Features
  • Bedrooms: 1
  • Bathrooms: 1

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