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01133873378
Properties

Collaborating in logistics, warehouse + industrial property

Status:Sold
Address:3 - 19 Newlaithes Road, Horsforth, LS18 4SY
Type: Office
Size: N/A
: £575,000
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Contact Details

0113 387 3378
Steven@LM1.agency
07552 476 571
Matt@LM1.agency
07960 708 544

3 - 19 Newlaithes Road, Horsforth, LS18 4SY

About the property

INVESTMENT CONSIDERATIONS

  • Freehold
  • Comprising 9 self-contained flats (6 x one beds and 3 x two beds)
  • Attractive purpose built property in the residential area of Horsforth
  • Current Rent Reserved: £3,308 pcm equating to £39,696 per annum
  • Estimated Rental Value (ERV): £48,600 per annum

The subject property is of purpose build stone built construction and is arranged over 4 floors including undercroft parking for 7 vehicles with parking accessed to the rear, beneath a pitched roof. Each apartment has modern UPVC double glazing. Furthermore there are 3 apartments per floor on ground, first and second floors. The rear elevation consists of one bedroom apartments
on each floor, and two bedroom apartments either side of the core at the front of the property. In total there are 9 self-contained flats (6 x one beds and 3 x two beds). Each apartment has separate Kitchen, Lounge, Bathroom and Bedroom(s) together with a small hallway and cylinder cupboard. Kitchen’s consist of separate white goods (4 ring cooker & oven, and Washing Machine) and bathroom’s; bath with integrated shower, sink & WC. All but one apartment is currently tenanted and a refurbishment of common areas and apartments are required on a phased basis, and of a variety in terms of condition and presentation. The common areas provide stairs to upper floors and the basement also.
7 apartments are let on AST’s (Assured Shorthold Tenancies) however 2 are on Regulated Registered Pre 1972 Tenancies with the Council.