Kings Court

## Please note this property is being sold to CASH BUYERS only with the price reflecting this. The property is also being sold with a company let in place ##

## The landlord also has 3 almost identical apartments in the same block that he is looking to sell at a similar price. All of the properties are on the same company let as the property advertised ##

PROPERTY DESCRIPTION

Kings Cross Street is located on the outskirts of the town of Halifax, A fantastic 1 bedroom deceptively spacious apartment, within walking distance of the town centre, providing easy access to train and bus stations and secure parking. The modern open-plan living room and dining are well proportioned with space for furniture and a small dining table with a door to the front Garden. The kitchen has a free-standing oven/hob, a stainless-steel sink with space for a washer, and a fridge freezer. Blue oak units with complimentary worktops, and vinyl flooring. Moving to the bedroom, you’ll find ample size to fit a king-size bed with a stylish headboard, and space for bedroom furniture with a large window, allowing for natural light and fresh air. The Bathroom has a White 3-piece suite with shower over, part tiled & ceramic flooring.

Close to Halifax and its attractions, walking distance to the Hospitals, schools and local attractions.

INVESTMENT INFORMATION

–         Asking price: £50,000.00 (cash-only purchase due to low lease)

–         Current rental figure: £440.00pcm ( £5,280.00pa)

–         Gross yield: 10.56%

–         Service charge: £1,122.28pa

–         Ground rent: £150.00pa

–         Net yield: 8.0%

–         Tenure: Leasehold (83 years remaining)

–         Leasehold information: Landlord has received a quotation of £6,501.00 to extend the lease to 125 years remaining)

–         Overall cost to buy the apartment and extend the lease: £56,501.00

–         Net yield if you were to include the cost of extending the lease: 7.1%

–         Current rental set up: Company let with a company called Alpha House Calderdale. All four apartments which the landlord owns in the development have the same set up. https://alphahousecalderdale.org.uk/

–         EPC: C