Property Description

An opportunity to acquire an imposing freehold block of six apartments in Wakefield city centre. These comprise of 5 x 1 bedroom and 1 x 2 bedroom units. Five of the apartments are let and a tenant has been sourced for the only vacant apartment, which will take the total income of the block to £42,780 per annum. This equates to a return of 11.4% based on the guide price, which is considerably higher than average for a city centre development and there is potential scope to increase rents on some units. Each apartment has a modern living kitchen, bedroom(s), shower room and blends modern décor with the age, and character, of the building.

Construction Material:

Standard brick

Broadband:

Standard - 21 mbps and Ultrafast - 1000 mbps available

Mobile Phone Coverage:

O2, EE, Three and Vodafone available

Note:

Some images have been taken by the letting agents when the flats were previously vacant. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding.

Tenure

Freehold

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