Apartment | Sale
UNIQUE MIXED USE INVESTMENT OPPORTUNITY!! CIRCA 8% YIELD 1 x RETAIL UNIT + 5 x TWO BEDROOM APARTMENTS CAR PARKING SPACES FREEHOLD INCLUDED
Take a look at our photos, floorplans and 360 virtual tours of EACH unit!
Mr Investa are pleased to bring to the market this superb mixed use and FULLY TENANTED premises generating a strong yield, circa 8%. This substantial building is located in the centre of Kippax on the main high street and comprises; ONE ground floor commercial retail shop and FIVE 2 bedroom apartments, over 3 floors, with car parking available to the rear. This is an excellent opportunity to acquire 6 INCOME GENERATING units, with the FREEHOLD INCLUDED.
Price: £675,000 Total Rental Income: £51,240 per annum Gross Yield: 7.6%
With high rental demand in the area and convenient location on the village high street, this would make an ideal investment for those looking to quickly expand their property portfolio. The property comprises the following accommodation and each of these units are self contained.
1 x ground floor commercial retail shop - this shop is currently used by a well established nail/beauty salon with a large customer base. This is currently tenanted at £795pcm.
5 x two bedroom residential apartments, over 3 floors, all tenanted at £695pcm each on various contract lengths.
The block is currently self managed by the owner, as well as the lettings management for each apartment, therefore a new buyer will have the freedom to take this over or put their own management companies in place.
Parking is available to the rear which currently has 3 standard bays, plus 1 disabled bay, and space for bin storage.
Kippax is a village located just outside of Leeds, heading out towards Pontefract, with all the essential shops, bars, cafe's and restaurants one would need to make this a convenient place to live. This is perfect for investors who are put off by the high city centre prices, but still want great value for money. There are good regular public transport links nearby which is ideal for working professionals that require to commute to and from Leeds, as well as easy access to the motorway links, including the M1.
Call our office now to register your interest and learn more about this excellent investment opportunity.
NOTE TO PURCHASERS: Whilst all Information is believed to be correct, the information is provided via the seller and should always be checked via yourself or legal representative. Mr Investa LTD does not accept any responsibility in respect of this information provided.