This spacious three bedroom duplex apartment is offered for sale via traditional auction. The property is currently tenanted, generating rental income of £15,000 per annum which reflects a gross yield of 23.26% based on the guide price. This property would be a great addition to a rental portfolio.
The Old Mill is situated on Thornton Road BD1, directly opposite Arkwright Hall only a stone's throw away from the main Bradford University and conveniently set in the heart of the City Centre with easily accessible transport links (public buses and trains).The development is a former textile mill, which has been renovated to a modern residential apartment building.
Leasehold information: Lease length - 125 years from 1st January 2011 Ground Rent – £390 per annum. Service Charge – Information requested from the seller; awaiting confirmation.
Please note the seller is recovering all selling fees from the buyer; the cost of which will be reflected within the legal pack.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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