7 bed mews for sale

Stony Lane & Norton Fold, Bradford BD2

A fantastic investment opportunity, comprising a combined group of five residential buy-to-let properties in Eccleshill, all of which are currently tenanted and provide an annual income of £34,800. The five dwellings are sited together collectively and consist of an attractive pair of characterful and well-maintained two-bedroom stone-built mews-style properties and an entire row of three separate and well-maintained one-bedroom terraces. Converted in 1995, they include a private courtyard for vehicle parking and a useful large lower-basement storage/workshop facility. The convenient and popular location is close to many neighbouring amenities and transport links, including Leeds/Bradford airport, rail and bus links. All five units have been successfully operated as rental properties for some 30+ years and provide an attractive 'armchair' investment opportunity. The sale is due to the owner's retirement. Viewings are highly recommended

Important Information:

This sale will be conducted with a strict 90-day conveyance deadline and in accordance with our standard auction terms and conditions. Whilst there is no specific auction date, anyone wishing to make a formal offer will have to 'register' if they wish to place their bid. Therefore, any offer that is accepted will automatically be bound by our auction conditions.

All bidders are strongly recommended to have thoroughly inspected the properties prior to placing a bid, including seeking the advice of a surveyor, and to have read the Legal Packs and taken advice from a qualified legal representative. Please read carefully the general and special conditions of sale and any changes within the sale. A&G can accept no responsibility for any bidders not adhering to this advice

Current Rental Income:

The monthly rental income from each of the properties is as follows:

1 Norton Fold - £635pcm.

2 Norton Fold - £675pcm.

26 Stony Lane - £530pcm.

26a Stony Lane - £530pcm.

26b Stony Lane - £530pcm.

Total Annual Yield - £34,800 (8.8% ROI against the guide)

1 Norton Fold:

Lounge (3.78m x 4.45m, 12'4" x 14'7")

Double glazed window, Double central heating radiator

Dining Room (3.55m x 4.62m, 11'7" x 15'1")

Double central heating radiator, Single glazed window, Shelved alcove, Stairs to first floor living room, External door

Kitchen (2.14m x 2.37m, 7'0" x 7'9")

Wall and floor units with work surfaces over, Integrated oven and hob with extractor hood over, Sink and drainer unit, Double glazed window, Wall mounted boiler

Bathroom (2.25m x 2.82m, 7'4" x 9'3")

Recently refurbished to include a Bath, Walk-in shower cubicle, Wash hand basin, WC, Heated towel rail, Extractor fan and Waterproof wall panels

Inner Passage

Including cupboard with utility plumbings

Bedroom One (2.76m x 4.10m, 9'0" x 13'5")

Double glazed windows, Double central heating radiator

Bedroom Two (2.13m x 4.09m, 6'11" x 13'5")

Single central heating radiator, Double glazed door to external

External

Private courtyard area for vehicle parking. Side passage providing rear access to 1 Norton Fold

Tenure

Freehold

2 Norton Fold:

Entrance Porch (2.00m x 2.90m, 6'6" x 9'6")

Tiled floor, Double central heating radiator

Living & Kitchen Area (4.20m x 8.20m, 13'9" x 26'10")

Gas fired feature stove, Fitted kitchen area with wall and floor units, Integrated oven and hob with extractor hood over, Sink and drainer unit, Plumbed for washing machine, Breakfast bar, Double glazed stone mullioned window, Double glazed 'Byre' style window, Double glazed end window, Double central heating radiator, Single central heating radiator. Door to inner lobby

Inner Lobby

Stairs to first floor, Wall mounted boiler, Tiled floor

First Floor Landing

Double glazed window, Single central heating radiator

Bedroom One (3.30m x 4.64m, 10'9" x 15'2")

Two double glazed stone mullioned windows, Single central heating radiator

Bedroom Two (3.03m x 4.22m, 9'11" x 13'10")

Three double glazed stone mullioned windows, Two single central heating radiators

Bathroom (2.10m x 2.79m, 6'10" x 9'1")

Bath with shower over, Wash hand basin, WC, Tiled floor, Double central heating radiator

External

Private courtyard driveway area for vehicle parking

Tenure

Freehold

Services

Mains gas, electricity, water and drainage.

Council tax band B for both properties.

EPC's: 1 Norton Fold - C Rating. 2 Norton Fold - D Rating

26,26A & 26B Stony Lane

The accommodation within each of the three properties comprises an open living & kitchen area with stairs up to a double bedroom, an en-suite bathroom and a separate utility area. Built in the 1990's, the specifications and room sizes are as follows:

Living Room & Kitchen (3.40m x 6.51m, 11'1" x 21'4")

Fitted kitchen with wall and floor units, Sink and drainer unit, Integrated oven and hob, Double glazed window, Two electric wall mounted heaters

Bedroom (3.41m x 3.58m, 11'2" x 11'8")

Double glazed window, Loft access

Bathroom (1.86m x 2.09m, 6'1" x 6'10")

Bath with electric shower over, Wash hand basin, WC, Double glazed window, Electric wall mounted heater

Utility Room (1.22m x 1.86m, 4'0" x 6'1")

Double glazed window, Plumbed for washing machine

External

Side passage for bin storage

Tenure

All freehold

Services

Mains electricity, Water and Drainage. We are advised that there is a gas supply laid to each individual property but there are no gas appliances connected. A new owner would need to have meters connected if required.

Council tax bandings - A for all properties.

EPC's: 26 - D Rating. 26a - C Rating. 26b - D Rating

Disclaimer

Our property particulars are intended to give a fair description of the property but their accuracy cannot be guaranteed, & they do not constitute an offer of contract. Intending purchasers must rely on their own inspection of the property and services. None of the appliances/services have been tested by ourselves. We recommend purchasers arrange for a qualified person to check all appliances/services before legal commitment. Floor plans provided are not to scale and are intended as a guide only

Legal Pack

The legal pack for this property is available upon request prior to the auction. This pack includes a variety of legal documents that apply to the sale. The legal pack can change at any time up until the auction starts so you must check for the most recent version of the legal pack. At the point of placing your bid, you are deemed to have read the legal pack in its entirety, including any changes. Failure to check for changes to the legal pack will not be a valid reason for withdrawing from the sale. It is strongly recommended that you instruct a qualified professional to review the legal pack and raise any necessary enquiries before bidding

Special Conditions Of Sale

The property is sold subject to any Special Conditions of Sale. These are contractual conditions that are included by the seller of the property - they are not part of A&g's terms and conditions. The Special Conditions of Sale are legally binding. It is the buyers responsibility to have read and accepted these at the point of bidding, even if you have not done so. The Special Conditions of Sale are available to read within the legal pack

Buyers Administration Charge

A non-refundable Administration Charge of £1,950+vat (£2,340 inc. VAT) is payable by the buyer on acceptance of an offer

Money Laundering Regulations

All purchasers will be asked to produce the required identification documentation, proof of address and proof of legitimate funds in order to comply with the Money Laundering Legislation. We would ask that these documents are made available to us so that there will be no delay in agreeing the sale

Buyers Deposit & Insurance

A purchaser will be required to pay 10% of the purchase price, in addition to the Administration Charge. Payment of the remainder of the purchase price will be needed for completion (within 90 days of the agreed sale). It is important to liaise with your insurers, as you will be responsible for the insurance of the property upon exchange of contract

Successful Bids

If you submit a registered offer and this is then accepted by the seller, you will have exchanged contracts and have entered a legally binding sale and will be required to complete within 90-days. If you are the winning bidder, you will need to complete the Memorandum of Sale and pay your deposit and administration fee. You will need to have two forms of id with you; one photographic (e.g. Driving licence or passport), and one proof of address (e.g. Utility bill dated in the last three months). If multiple people are to be named on the memorandum, you will need id for all parties