Opportunity to purchase a 65-unit block in Halifax generating £381,540 rent pa & gross yield of 6.8%
£5,600,000
65-unit Block
VES-HX1-008
INITIAL INVESTMENT
£1,634,500
Based on
deposit: £1,400,000
stamp duty: £168,000
mortgage fees: £1,500
conveyancing fees: £65,000
GROSS RENT
£381,540
GROSS YIELD
6.8%
The block
TENURE
Freehold
NO OF UNITS
65
TENANCY STATUS
Tenanted
FURNISHED
No
TOTAL SQ FT
21,374
PRICE SQ FT
£262
Block information
- Office to residential conversion
- Spread over four floors (ground to third floor)
- The block comprises:
- 64 x 1-bed apartments
- 1 x 2-bed apartment
- Each apartment comes with:
- lounge/kitchen/bedroom
- bathroom
- EPC ratings C
- Council tax band: A
Rental information
- The block is fully let, generating:
- Aggregate monthly rental income: £31,795
- Aggregate annual rental income: £381,540
Available upon request
- EPCs for all units
- Block breakdown
- Full floorplans
Location information
- The property is located just on the fringe of Halifax town centre
- All local amenities are just a short walk away
- Halifax railway station is an 11-minute walk away
- Easy access to the A58 and wider road network
- The M62 can be accessed via Junction 24 around 4 miles from the property
Note
Please note that Vesta has not visited this property and that the vendor has provided all material.
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REQUEST BLOCK DETAILS
Floorplans
Documents available on request, please contact for viewings or further questions.
The information relating to this property is supplied by the vendor and was the latest available information at the time of listing. Certain information may expire or become inaccurate over time.
Vesta makes no warranty as to the accuracy or completeness of the property listing or any associated information. All information should be reviewed by the purchaser and their solicitor.
About Halifax, West Yorkshire
Halifax is a minster town in West Yorkshire, England. It lies around 9 miles north of Huddersfield and 9 miles southwest of Bradford.
It is probably best known for Mackintosh’s chocolate products including Quality Street and Rolo, as well as Halifax Bank (now part of Lloyds Banking Group), which was founded here and still has its headquarter in the town.
Halifax is connected via the A58 that goes around the town west-bound to Leeds and all the way to Wetherby and east-bound to Prescot. Halifax railway station is on the Caldervale Line running services to Manchester Victoria, York, Selby via Bradford and Leeds, Blackpool North and London Kings Cross via Wakefield Kirkgate.
The town has much to offer for visitors, with its many Victorian buildings. Some of its attractions include the Grade I-listed Piece Hall, which is still used for a public market today, Halifax Minster which was completed in 1438, Calderdale Industrial Museum, the Town Hall, and Wainhouse Tower, the tallest folly in the world at 275ft.
Dean Clough is a converted mill factory, which was once one of the largest carpet manufacturing factories in the world and is now housing around 150 businesses and arts venues. These include retail shops as well as bars and restaurants.
There are also a number of outdoor activities on offer including Another World Adventure Centre, North Dean Woods, People’s Park and The Jungle Experience at Manor Heath Park.
Blackwall,
Halifax,
West Yorkshire,
England,
HX1 2DH
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