Offers In Excess Of: £1,200,000
The property comprises a stand-alone block of 17 apartments which are predominantly two bedroom in this development which was converted in 2006 under planning application number 06/04801.
The apartment block is currently fully occupied however on completion 2 of the apartments will be vacant. The gross potential rental income when fully occupied is approximately £93,840 per annum.
The availability of the property provides an excellent opportunity to acquire a single block of apartments offering the potential to attract a yield in the region of 7.75%. The building is well positioned in Shipley town centre within walking distance of the train station close to the Aldi supermarket and near to all amenities offered by the town.