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Block of flats for sale
1 sq. ft*
Not available Council tax band:
The property comprises a substantial, stone built former wool warehouse/office building, which was converted in 2013/2014, to provide a total of 63 student units, with appropriate shared facilities. The individual units have been sold off to investors who deal with their own letting etc.
The property is held freehold.
Income / ground leases
The units were all sold on 250 year full repairing and insuring leases for a term of 250 years from 1 January 2014. The initial rental for the first 10 years of the term are £300 per annum and these rents increase by £300 per annum each 10 years (fixed increase). The current total passing rental therefore is £18,900 per annum, increasing with effect from 1 January 2024 to £37,800 per annum. The management is dealt with by the management company. The freeholder deals with the insurance for the property the current premium being £21,500 per annum.
For more information about this property, please contact Mark Brearley & Co, BD23 on +44 1274 506504 * (local rate)
Contact Mark Brearley & Co about this property
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Mark Brearley & Co, and do not constitute property particulars. Please contact Mark Brearley & Co for full details and further information. The Running Costs data displayed on this page are provided by PrimeLocation to give an indication of potential running costs based on various data sources. PrimeLocation does not warrant or accept any responsibility for the accuracy or completeness of the property descriptions, related information or Running Costs data provided here.