Sold
Halifax – Attractive Residential Investment Opportunity comprising 41 two bed flats
Claremount Views, Claremount Road, Halifax, HX3 6LJ
Offers in excess of £2,125,000
- Property Type:
- Residential
- Sub Type:
- Block of Flats
- Tenure:
- Freehold
Description
- Freehold consisting of five stone built blocks comprising a total of 41 self-contained two bed flats
- 12 flats sold subject to Long Leasehold interests
- All for a term of 125 years from 1 January 2008, thus having approximately 113 years unexpired
- Each flat currently produces a ground rent of £200 per annum, hence providing a total ground
rent income of £2,400 per annum
- 29 flats remain unsold
- Currently fully let, all subject to Assured Shorthold Tenancies
- Total Current Rent Passing is £171,780 per annum
- Total Current Income is therefore £174,180 per annum
- There is ample car parking to the front of each block, for all flats
- Potential for the addition of further accommodation through the amended Permitted Development
Rights, subject to approval