Flat for sale in Millroyd Mill, Huddersfield Road, Brighouse, West Yorkshire HD6

For sale by live stream auction on Tuesday 3rd September 2024 at 12PM

*guide price £45,000+

* Tenanted two bedroom apartment *

A tenanted second floor apartment forming part of this ever popular mill conversion situated canal side in the heart of the thriving market town centre of Brighouse with Junction 25 of the M62 within circa half a mile.

Presently achieving £750 per calendar month* (representing a healthy gross return of 20% based on the auction guide price), this is an excellent opportunity for a Landlord to add to an existing portfolio or equally a first time investor starter property.

Although we have been unable to inspect the property, we note the letting agent marketed the property previously as having a corner position and offering accommodation comprising an open plan reception room, kitchen, two bedrooms (en suite to main) and bathroom together with an allocated parking space.

The apartment also comes with access to the gym and swimming pool which are located on the ground floor of the mill. The building has both lift and stairways to all floors.

A Rightmove search reveals that there are presently two one bedroomed apartments on the open market with asking prices of £72,500 and £85,000 therefore with its particularly competitive guide this lot is one to consider!

*We have evidenced the original AST which states £700 pcm but have seen sufficient evidence from rent statements to reflect the increase applied after 12 months of the original tenancy contract 26th May 2023 and is on a roll over monthly contract from 1 June 2024 - In terested parties should refercne the legal pack for more information.

Lease Length - 999 years starting on 1 July 2003
Ground Rent - tbc
Service Charge - £3,555.90pa (Jan 2024-Dec 2024)

Additional Information

Tenure

Leasehold

Disclaimer

Any information in relation to the length of lease, service charge, ground rent 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.

Council Tax

Band C

Charges & Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc 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