Overview

*** OPEN DAY 14TH OCTOBER *** INVESTORS!!! Fabulous contemporary 1 bedroom apartments COMING SOON to Halifax town centre. This landmark building, formerly the Halifax Courier premises, is undergoing a £41m refurbishment to create over 60 new homes, ideal for letting out, or for those who wish to live close to all amenities in the town centre. Please contact the agent to view the show apartment.

EXCITING OPPORTUNITY

Buy into this fantastic investment opportunity now and buy into a piece of Halifax history. Excellent gross yield of around 8% from this £41m refurbishment due for completion end 2017 by this reputable developer with a proven track record. One bedroom contemporary apartments including white goods. Conveniently situated on the edge of this bustling town centre. SHOW FLAT AVAILABLE.

DEVELOPMENT

This exciting development is being carried out by Fitzwilliam Capital Partners, based in Manchester and is due to complete at the end of 2017 ready for occupation. It is made up of over 60 individual apartments over 5 floors with 2 lifts.

SPECIFICATION

Each apartment will be finished to a high standard with 6 panelled colonial doors, chrome ironmongery, Greenwich Range Oak or gloss finish kitchen units with integrated oven, hob and extractor. Apartments will come with blinds already fitted, triple glazed windows with a 10 year guarantee and an Efficient Rointe electric heating system. White goods will also be included.

RENTAL POTENTIAL

These apartments will be ideal for workers in the town centre and also for commuters to other towns and cities as the railway station is within walking distance, with links to Leeds, Manchester and beyond. Rental income is expected to be from around 8% gross - with rents between £450 for the smaller units to £550 for the larger ones. On site property management for landlords, if required.

TENURE

Leasehold

Ground Rent £250 per annum (increase in line with inflation after year 5). Service Charges £550 approx. per annum. Term = 125 year lease.

INCENTIVES

Contribution towards legal fees and guaranteed rent for 1 year.