FOR SALE BY SHARPES AUCTIONS, AUCTION TO BE HELD ON TUESDAY 19TH MAY 2020 AT 6PM AT THE MIDLAND HOTEL, BRADFORD, BD1 4HU. GUIDE PRICE £55,000. Located in one of the most desirable apartment blocks in the heart of Bradford City Centre is this tenanted two bedroomed, two bathroomed apartment achieving £5940.00 per annum with a tenancy in place until August 2020. The property is an ideal investment with an return of 11% based on the guide price.
Entrance Hallway – With intercom system and laminated floor covering. Boiler cupboard and wall mounted electric heater.
Open Plan Living Area & Kitchen 24′ 0” x 11′ 2” (7.31m x 3.40m) A comfortable combined living area with open aspect kitchen area. The lounge space has laminated flooring, wall mounted electric radiator and double glazed twin doors leading out onto a decked balcony. The kitchen features fitted base and wall units together with integrated cooking, washing and refrigeration appliances. Continuation laminated floor covering.
Bedroom One 18′ 2” max x 10′ 2” max (5.53m x 3.10m) – Double bedroom with double glazed window.
En Suite Shower Room 7′ 6” max x 6′ 6” average(2.28m x 1.98m) – Incorporating a three piece suite comprising tiled walk in shower cubicle, concealed cistern w.c and hand wash basin. Wall tiling. Heated towel rail.
Bedroom 2 11′ 5” x 8′ 8” plus recess (3.48m x 2.64m) – Ample second bedroom with double glazed window and wall mounted heater.
Bathroom/w.c 11′ 0” max x 6′ 0” max(3.35m x 1.83m) – Having a matching three piece white suite comprising a
panelled bath with splashback screen, wall mounted handwash basin and low level w.c. Predominance of wall tiling,wall mounted mirrors. Electric heater.
Brochure Prepared – 17.03.2020
Tenure – Leasehold.
Solicitor – Eatons – Yasser Shafi
Ground Rent The Headlease is for 150 years starting at the 25th June 2007. The annual ground rent is £200.00 PA. Payable on the 1st January each year. The rent reviews are every 25 years with the first rent review due on the 25th June 2032. Review are RPI based. The Freeholder Insures the Building and re-charges the Leaseholders at a % defined in each lease. Service Charges Payable 25/3/2019 – 24/03/2020 £973.50 PA.
Payable in 2 equal payments: 25th March and 25th September of £486.75