Kirkgate, Silsden

£275,000
  • 4 Bedrooms
  • 4 Bathrooms
  • 4 Reception Rooms
  • Ref: 10510
  • Type: Apartment
  • Availability: For Sale
  • Tenure: Freehold

Property Features

  • 4 X ONE BEDROOM APARTMENTS
  • GROUND FLOOR SHOP
  • ALL OCCUPIED
  • FREEHOLD INCLUDED
  • SITTING TENANTS
  • MODERN
  • FANTASTIC LOCATION
  • 7.9% RETURN
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Property Summary

**INVESTMENT OPPORTUNITY** **SHOP AND 4 x ONE BEDROOM APARTMENTS** **FREEHOLD ** **SILSDEN CENTRE LOCATION** **7.9% RETURN **

Full Details

Knowles by Zenko Properties would like to present this freehold investment opportunity, consisting of 4no one bedroom apartments and a ground floor retail unit with basement storage, situated in a prominent location in the centre of Silsden.
Silsden is a popular choice with excellent commuting links, both the bus stop and train station are within minutes walking distance, there is a broad selection of local amenities together with bars, coffee shops and restaurants.

Completely renovated in recent years by the present owner, the residential element has been transformed to offer stylish, ready to move into apartments with contemporary open plan living/kitchen areas, double bedrooms and stylish shower rooms.

Flat 1 - £300 PCM Direct payment from local authority. Tenancy in excess of 3 years.
Flat 2 - £420 PCM Private tenant. Tenancy in excess of 3 years.
Flat 3 - £350 PCM Private tenant. Tenancy in excess of 1 year.
Flat 4 - £450 PCM (Currently being used by the owner)
Shop - £3,500 P/A - 3 yr lease from 2020

Some current costs.
Insurance £520 per annum
Window cleaning £300 per annum
General cleaning communal £240 per annum
£1,060

Total potential rent yearly = £21,750

Gross yield for investors - 7.9%
Net Yield - 7.5%

Freehold included

Potential rent reviews for flats 1 and 2