3 bed flat for sale

Garnett Street, Otley LS21

Attention all landlords! A fantastic opportunity to buy an end terrace property tastefully converted into three dwellings - two one bedroom flats and a studio. Each flat comes with tenants in situ and comes to the market as a going concern. The ground floor flat has a open plan living / dining room, a galley kitchen, a double bedroom and a shower room. The first floor flat has an open plan kitchen/dining/ living room, a double bedroom and a spacious bathroom. Finally, the second floor studio is completely open plan apart from the bathroom. There is also a shared cellar which each tenant uses for storage.

Otley is a thriving, historical market town in the Wharfe Valley offering a wide range of amenities, shops, supermarkets and traditional pubs, and also benefits from well-regarded schools for all ages including Prince Henrys Grammar School. The town centre bus station has regular bus services to Leeds, Bradford and Harrogate, and in addition, there is a railway station at nearby Menston offering mainline links. And for those travelling further afield, Leeds/Bradford International Airport is in nearby Yeadon.

Directions

From our Hunters Otley & Ilkley offices on Kirkgate, turn left onto Bondgate. Take the second left onto Crossgate and continue to the lights at the end of the road. Cross straight over at the lights onto Wesley Street, then right onto Courthouse Street. At a crossroads the property can be found on the right hand side.

Agents Notes

Tenure: Freehold

Council Tax Band A for each flat, Leeds City Council

The ground floor flat achieves £120PW / £520PM, the middle flat achieves £137PW / £595PM and the top floor studio flat achieves £100PW / £433PM. This gives an annual gross rental income of £18580 which provides a yield of over 6%

Anti Money Laundering Checks And Offer Acceptance

We are required by hmrc to undertake Anti Money Laundering checks on all prospective buyers once a price and terms have been agreed. The cost payable by the successful buyer for this is £36 (inclusive of VAT) per named buyer. To confirm, these checks are carried out through Landmark Information Group. We are also required to obtain identification from all prospective buyers, and we will ask to see proof of funding. Please note that the property will not be marked as Sold Subject To Contract until the checks have been satisfactorily completed so therefore buyers are asked for their co-operation in order that there is no delay.

Additional Services

If you are thinking of selling or letting your home, please contact our office for more information. Hunters is the fastest growing independent estate agency in the country, with more than 200 branches nationwide. We can put you in touch with a local independent financial advisor, who can offer the latest mortgage products, tailored to your individual requirements.

Disclaimer

These particulars are intended to give a fair and reliable description of the property but no responsibility for any inaccuracy or error can be accepted and do not constitute an offer or contract. We have not tested any services or appliances (including central heating if fitted) referred to in these particulars and the purchasers are advised to satisfy themselves as to the working order and condition. If a property is unoccupied at any time there may be reconnection charges for any switched off/disconnected or drained services or appliances - All measurements are approximate.