Huddersfield, HD5 9LL | Investment Property for Sale | VES-HD5-001

Opportunity to purchase a 11-unit block in Huddersfield generating £74,040 rent pa

£1,450,000

11 unit Block

VES-HD5-001

INITIAL INVESTMENT

£420,000

Based on

deposit: £362,500

stamp duty: £45,000

mortgage fees: £1,500

conveyancing fees: £11,000

GROSS RENT

£74,040

GROSS YIELD

5.1%

ADD TO FAVOURITES

The block

TENURE

Freehold

NO OF UNITS

11

TENANCY STATUS

Tenanted

FURNISHED

No

TOTAL SQ FT

7,180

PRICE SQ FT

£202

Block information

  • Spread over 3 floors
  • Property comprises of:
    • 1 x 3-bed mews house
    • 3 x 2-bed apartments
    • 6 x 1-bed apartments
    • 1 x office unit
  • EPC ratings C & D
  • The original property has been substantially extended and is now almost double in size
  • Please see photo 23 which shows the extension that will result in apartments 7 & 10. The works are almost complete and tenancy agreements have already been agreed for both upon completion.
  • All apartments have been fitted with stylish kitchens including dishwasher and washing machine
  • Each apartment has also been fitted with hardwired internet cables in all rooms

Rental income

  • Flat 1 - 1-bed apartment - 700 sq ft - £550
  • Flat 2 - 2-bed apartment - 1,075 sq ft - £580
  • Flat 3 - 2-bed apartment - 700 sq ft - £580
  • Mews house - 3-bed house - 710 sq ft - £690
  • Flat 5 - 2-bed apartment - 600 sq ft - £580
  • Flat 6 - 1-bed apartment - 500 sq ft - £610
  • Flat 7 - 1-bed apartment - 525 sq ft - £540
  • Flat 8 - 1-bed apartment - 500 sq ft - £470
  • Flat 9 - 1-bed apartment - 520 sq ft - £495
  • Flat 10 - 1-bed apartment - 550 sq ft - £525
  • Office - 800 sq ft - £550
  • Total rental income pcm: £6,170
  • Total rental income pa: £74,040

Available upon request

  • Block breakdown
  • EPCs

Note

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

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 Huddersfield, West Yorkshire

Huddersfield is a large market town in West Yorkshire. It lies approximately 14 miles south-west of Leeds and 24 miles north-east of Manchester.

The town is well situated with easy access to the M1 and M62 motorways, connecting Huddersfield to London and Leeds (via the M1) as well as Liverpool and Hull via Manchester and Leeds (via the M62). The A62 is the town’s inner ring road which relieves traffic congestion in the town centre where a lot of roads are car free.

Huddersfield train station is operated by TransPennine Express and runs frequent services to Dewsbury, Leeds, Manchester, Darlington, Hull, Liverpool, Manchester Airport, Middlesbrough, Newcastle, Scarborough and York. There are no direct trains to London, with passengers having to change at Manchester Piccadilly, Leeds, Wakefield Westgate or Mirfield.

With over 1,600 listed buildings Huddersfield has a rich architectural heritage. Most notably the Victoria Tower on Castle Hill. Other nearby attractions include the Tolson Museum, Oakwell Hall and Country Park, Huddersfield Art Gallery, Colne Valley Museum and Bagshaw Museum in Batley.

Nature lovers can choose from a wide range of great outdoor places to head to. Some of those places are The South Pennines, Peak District National Park, National Trust Marsden Moor, Dewsbury Country Park, Transpennine Trail or Spen Valley Greenway, to name a few.

Huddersfield has 3 main shopping areas which are home to most high street favourites, Kingsgate, The Packhorse Precinct and The Piazza Centre. It also hosts a number of markets throughout the week where some of the best local and independent producers and artisans sell their wares.

There are a number of primary and secondary schools in Huddersfield as well as 2 sixth form colleges, Huddersfield New College and Greenhead College, a further education college, Kirklees College, and the University of Huddersfield, offering a variety of undergraduate and postgraduate courses.

The University of Huddersfield is the largest employer in town, but there are several other employers like Brook Motors Ltd, Cummins Turbo Technologies, Syngenta AG, Pennine Radio Ltd, Dual Seal Glass, Ellis Furniture, Mamas and Papas, as well as Andrew Jones Pies.

Long Lane,

Huddersfield,

West Yorkshire,

England,

HD5 9LL

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Important Note

All information contained in this website is provided as a guideline only, is based on estimates and assumptions, may not be accurate or complete, and is subject to change. We make no representations or warranties with regards to this information, expressed or otherwise. A buyer who relies on such information does so at their own risk. Buyers are advised to seek independent financial advice and should undertake their own due diligence.

Your capital is at risk. Property values may decline and the property might not be able to be rented at amounts sufficient to cover debt interest costs, operating expenses and liabilities, and might not result in a positive cash flow. Property is an illiquid asset and should not be viewed as a short-term investment.

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