Under Offer

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