INVESTMENT OPPORTUNITY. Here is a chance for landlords to buy a complete block of 8 flats, completely refurbished in the last 3 years. Comprising 4 x 1 bedroom and 4 x studio flats. Off road parking for 6-8 vehicles. Further potential to create 2 more flats from the unconverted garages on the ground floor. Set in a good sized plot approx 2 minutes drive or 5-10 minute walk from Halifax centre. Freehold also available.
Craven Mount comprises 4 x studio and 4 x 1 bedroom flats, all of which were updated and refurbished in 2016. All have modern electric heating, double glazing and modern kitchen and shower room fittings.
The property is situated on a good sized plot with parking for several cars to the front and gardens to the other 3 sides. There are also four unconverted garages on the ground floor that offer potential for conversion to additional flats.
Located close to Calderdale college and approx half a mile from Halifax centre. Halifax has many attractions including a leisure park with cinema, a fine selection of restaurants, gyms, bowling alley, swimming pool and of course the iconic Piece Hall, recently refurbished and now hosts many live events.
The building is currently leasehold but with an absentee freeholder so the current owner is in the process of securing the freehold. Expected to be completed shortly.
The flats are let on standard Assured Shorthold Tenancies - rent schedule available on request. Annual income of around £32,000 providing an excellent yield of over 9%.
The EPCs on the property were carried out in 2012 before the refurbishment and stand as Rating D.
Draft details awaiting sign off by vendor