Fantastic buy to let opportunity. This two bed apartment is currently tenanted and generates an income of £490 per month with the potential for this to raise to £540 per month in April. Meaning the property could achieve a gross rental yield of over 15% based on the guide price.
The property consists of - Kitchen/Living room, two bedrooms and a shower room and offers a secure entry system which opens into a communal area with stairs and lift access. The property is walking distance to the town centre and both Dewsbury and Batley rail stations, this impressive apartment enjoys commuter links to Leeds, Manchester, and Huddersfield as well as good road communication links to countrywide destinations.
Auction House have not inspected the property in person and are using marketing photos from 2022
Lease 108 years remaining
Ground rent £231 per annum
Service charge £1638 per annum
Please note: A 14 day completion applies to this lot and the buyer will be required to pay the exchange deposit from cleared funds
Accommodation
Ground Floor
Kitchen/living area, two bedrooms and bathroom.
Externally
Allocated off street parking is available.
Additional Information
Council Tax
Band A.
Tenure
Leasehold.
Disclaimer
Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.
Charges & Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Buyers Premium £900 inclu VAT
Disbursements
Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.
Guide Price
Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.