Block of flats for sale in Westmorland Street, Wakefield WF1
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Property features
- 6 Fully Let Apartments
- 5 One Beds, 1 Two Bed
- Annual Income Just Under £45k
- Gross Yield 10%
- Long Lease
- Wakefield Town Centre
Property description
Situated in Wakefield town centre the apartments are ideally located for people who work in Wakefield or would need to get public transport out of the town. There are two bus stops directly outside the development on both sides of the road. Wakefield bus station is a 4-minute walk and buses running to Leeds, Bradford, Huddersfield etc. Wakefield train station is a 13-minute walk where trains run to London, Leeds, Sheffield and offers connecting trains to Manchester and Manchester Airport.
Investment Information
- Address: 22/24 Westmoreland Street, Wakefield WF1 1PJ
- Asking Price: £459,995.00
- Property Type: 6 Apartments (5 x 1-bedroom apartments, 1x 2-bedroom apartments)
o Flat 1 - £625.00pcm - been in the apartment for 3 years
o Flat 2 - £645.00pcm - been in the apartment for 1 year
o Flat 3 - £600.00pcm - been in the apartment for around 10 years
o Flat 4 - £725.00pcm - been in the apartment for 2 years
o Flat 5 - £541.67pcm - been in the apartment for around 10 years
o Flat 6 - £600.00pcm - been in the apartment for around 10 years
- Overall Rental Income: £3,736,67pcm (£44,840.04 per annum)
- Gross Yield: 9.7%
- Tenants pay for their own bills. Only additional costs would be to the communal areas which the landlord has confirmed has been minimal since purchasing.
- Tenure: Leasehold (990-years remaining approx)
- After speaking to the tenants, they have confirmed that they intend to stay
- We have visited the development personally and have visited all the apartments apart from one and looked at the communal areas.
For more information about this property, please contact
Pure, M34 on +44 161 937 0434 * (local rate)
Disclaimer
Property descriptions and related information displayed on this page, with the exclusion of Running Costs data, are marketing materials provided by Pure, and do not constitute property particulars. Please contact Pure 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.