Flat for sale in Longside Lane, Bradford BD7

EPC band: C

Calling all investors.

This Student accommodation consists of 5 rooms which are all currently tenanted, each room paying £90/95 per week making this an impressive 15% yield.

Being Sold by Yopa Online Auction Starting Bids from £75,000

Buy it now option available

Please call or visit Yopa Online Auctions for more information.

Yopa Online Auctions is a new, innovative and pioneering platform for buying and selling property. Open to both cash and mortgage buyers. It provides all the benefits synonymous with traditional auctions, including: Speed and certainty of sale, transparency and zero risk of gazumping or double-selling but with the added advantage of being able to bid pressure-free from the comfort of your own home or office via desktop, tablet or mobile phone. Yopa also offer a Buy-it-Now feature which allows you to place an offer and purchase before the Auction end date.

If you request a viewing of this property or make an offer, then you agree that your personal information (name and contact details) will be shared with goto Auctions (Yopa’s Online Auction partner) to enable them to ensure that you understand the auction process.

To book a viewing visit Yopa.

This property is for sale by Online Auction which is a flexible and buyer friendly method of purchase. The purchaser will not be exchanging contracts on the fall of the virtual hammer but will be given 56 working days in which to complete the transaction, from the date the Draft Contract are issued by the seller’s solicitor. By giving a buyer time to exchange contracts on the property, means normal residential finance can be sort.

The Buyer’s Premium secures the transaction and takes the property off the market. Fees paid to the Auctioneer may be considered as part of the chargeable consideration for the property and be included in the calculation for stamp duty liability. Further clarification on

this must be sought from your legal representative. The buyer will be required to sign a Reservation form to confirm acceptance of terms prior to solicitors being instructed. Copies of the Reservation form and all terms and conditions can be found in the Info Pack which can be downloaded for free from our website or requested from our Auction Department.

Upon close of a successful auction or if the vendor accepts an offer during the auction, the buyer will be required to make payment of a non-refundable Buyers Premium of £6600 including VAT plus an administration charge of £354 including VAT, a total of £6954. This secures the transaction and takes the property off the market.

The Buyer’s Premium and administration charge are in addition to the final negotiated selling price.

Lease term - 199 years from 1 January 2008Service charge - Please ask agent Ground rent - £62.50 per month

We have been informed that each property is currently achieving the below income which was correct as of 1/1/2024

33a- £90 per week – total rent £4024.29

33b – £95.00 per week - total rent £4,180

33c ––£95.00 per week- total rent £3,012.86

33d – £95 per week – total rent £3,040

33e – £90 per week- total rent £3,857.14

Total= £18,114.20

Disclaimer

Whilst we make enquiries with the Seller to ensure the information provided is accurate, Yopa makes no representations or warranties of any kind with respect to the statements contained in the particulars which should not be relied upon as representations of fact. All representations contained in the particulars are based on details supplied by the Seller. Your Conveyancer is legally responsible for ensuring any purchase agreement fully protects your position. Please inform us if you become aware of any information being inaccurate.

Money Laundering Regulations

Should a purchaser(s) have an offer accepted on a property marketed by Yopa, they will need to undertake an identification check and asked to provide information on the source and proof of funds. This is done to meet our obligation under Anti Money Laundering Regulations (aml) and is a legal requirement. We use a specialist third party service together with an in-house compliance team to verify your information. The cost of these checks is £70 +VAT per purchase, which is paid in advance, when an offer is agreed and prior to a sales memorandum being issued. This charge is non-refundable under any circumstances.