10 bed block of flats for sale

Daisy Hill, Dewsbury WF13

For sale by modern method of auction - starting bid of £320,000 plus reservation

A rare opportunity to acquire a residential investment property which is currently let and has the potential to produce a rental yield of just over £40,000 pa. Currently comprising of four one bedroom flats and three two Bedroom Flats. The property is situated in the heart of this vibrant town and close to the railway station which is on the main Leeds, Manchester and York Transpennine Express route. There are excellent shops and facilities within the town and the road network brings Huddersfield, Leeds, Bradford, Wakefield and Manchester towns and cities within easy reach. Please call for our full fact sheet for more comprehensive information on this exciting Investment Opportunity. The tenure of the property is understood to be Freehold. The property is for sale by The West Yorkshire Property Auction powered by iamsold Ltd.

Auctioneer's Comments - This property is for sale by the Modern Method of Auction. Should you view, offer or bid on the property, your information will be shared with the Auctioneer, iamsold Limited. This method of auction requires both parties to complete the transaction within 56 days of the draft contract for sale being received by the buyers solicitor. This additional time allows buyers to proceed with mortgage finance.

The buyer is required to sign a reservation agreement and make payment of a non-refundable Reservation Fee. This being 4.2% of the purchase price including VAT, subject to a minimum of £6,000.00 including VAT. The Reservation Fee is paid in addition to purchase price and will be considered as part of the chargeable consideration for the property in the calculation for stamp duty liability. Buyers will be required to go through an identification verification process with iamsold and provide proof of how the purchase would be funded.

This property has a Buyer Information Pack which is a collection of documents in relation to the property. The documents may not tell you everything you need to know about the property, so you are required to complete your own due diligence before bidding. A sample copy of the Reservation Agreement and terms and conditions are also contained within this pack. The buyer will also make payment of £300.00 including VAT towards the preparation cost of the pack, where it has been provided by iamsold.

The property is subject to an undisclosed Reserve Price with both the Reserve Price and Starting Bid being subject to change

Auction Notes

This property is for sale by Modern Method of Auction allowing the buyer and seller to complete within a 56 Day Reservation Period. Interested parties’ personal data will be shared with the Auctioneer (iamsold Ltd). If considering a mortgage, inspect and consider the property carefully with your lender before bidding. A Buyer Information Pack is provided, which you must view before bidding. The eventual buyer will pay £300 inc VAT for this pack. The buyer signs a Reservation Agreement and makes payment of a Non-Refundable Reservation Fee of 4.5% of the purchase price inc VAT. This Fee is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. The Fee is considered within calculations for stamp duty. Services may be recommended by the Agent/Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450. These services are optional.

Flats

The current Tenancy Schedule is as follows:

Flat 1,1 bed - £5,100 per annum potential.
Flat 2,1 bed - £5,100 per annum potential.
Flat 3,1 bed - £5,100 Per annum
Flat 4,2 bed - £6,600 per annum
Flat 5,1 bed - £5,100 per annum potential.
Flat 6,2 bed - £6,600 per annum potential.
Flat 7,2 bed - £6,600 per annum potential.

Viewing Arrangements

By appointment only