Flats 1 & 3 3-5 Courthouse Street, Otley

Asking Price of £195,000
For Sale
2 BedroomsApartment
  • Investment Opportunity
  • Two Flats
  • Both One Bedroomed
  • Total Rent £945 PCM / £11,340 PA
  • Yield Just Under 6%
  • Town Centre Location
  • Tenure 999 Year Lease April 2009
  • EPC Ratings D

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** GREAT INVESTMENT OPPORTUNITY ** TWO SMARTLY PRESENTED TOWN CENTRE APARTMENTS OFFERED FOR SALE ** CURRENTLY LET ON SHORTHOLD TENANCY AGREEMENTS WITH A COMBINED PASSING RENT OF £945 PER CALENDAR MONTH WHICH EQUATES TO £11,340 PER ANNUM** This is a rare investment opportunity, which based on current passing rents would generate a new owner a rental yield of just under 6% per annum. They say that investing in bricks and mortar is a good long term policy and this combined offering offers just that. There are two flats included, both smartly modernised a few years ago, both one bedroomed, both with kitchens that are fully integrated with all the kitchen appliances, both with stylish bathrooms including smart travertine tiling. The flats are offered with a very long leasehold tenure being 999 years from 2009. Viewing is strictly by appointment via the sold selling agents Dale Eddison.

  • Investment Opportunity
  • Two Flats
  • Both One Bedroomed
  • Total Rent £945 PCM / £11,340 PA
  • Yield Just Under 6%
  • Town Centre Location
  • Tenure 999 Year Lease April 2009
  • EPC Ratings D

** GREAT INVESTMENT OPPORTUNITY ** TWO SMARTLY PRESENTED TOWN CENTRE APARTMENTS OFFERED FOR SALE ** CURRENTLY LET ON SHORTHOLD TENANCY AGREEMENTS WITH A COMBINED PASSING RENT OF £945 PER CALENDAR MONTH WHICH EQUATES TO £11,340 PER ANNUM**

This is a rare investment opportunity, which based on current passing rents would generate a new owner a rental yield of just under 6% per annum. They say that investing in bricks and mortar is a good long term policy and this combined offering offers just that. There are two flats included, both smartly modernised a few years ago, both one bedroomed, both with kitchens that are fully integrated with all the kitchen appliances, both with stylish bathrooms including smart travertine tiling. The flats are offered with a very long leasehold tenure being 999 years from 2009. Viewing is strictly by appointment via the sold selling agents Dale Eddison.  

Otley is a popular Yorkshire market town of approximately 15,000 people, set on the banks of the River Wharfe. It is a friendly and picturesque town with a rich commercial and community life. The town lies in attractive countryside in Mid-Wharfedale at the centre of the rural triangle between Leeds, Harrogate and Bradford. Immediately to the south of the town rises Otley Chevin, which gives magnificent views over Mid-Wharfedale, and in the past provided much of the stone from which the town centre was built. Highly regarded primary schools and the outstanding Prince Henry's Grammar School are found within the town itself, together with a lovely mix of popular branded stores a great array of fantastic independently run shops, making this a very popular and pleasant town in which to live. 

The accommodation with approximate room sizes, comprises: 

COMMUNAL ENTRANCE Via a secure outer door from Bay Horse Court with an entry phone system to each flat. Stairs up to the first floor.  

FIRST FLOOR Access to three flats. 

FLAT 3  

ENTRANCE HALLWAY Electric radiator, window to the rear and a deep cupboard which also houses the hot water cylinder.  

SITTING ROOM 14' 5" x 10' 4" min (4.39m x 3.15m) Two electric radiators and a sash window to the front elevation.  

KITCHEN 9' 7" x 8' 6" (2.92m x 2.59m) Fitted wall and base units having work surfaces over and a sink unit inset. This kitchen includes integrated appliances, including a fridge-freezer, dishwasher, washing machine, electric oven and hob. Electric radiator and a sash window.  

BEDROOM 10' 7" x 8' 10" (3.23m x 2.69m) Electric radiator and a window to the rear.  

BATHROOM W.C A white three piece suite comprising a bath with a shower and a screen over, wall hung wash hand basin and w.c. Complemented by Travertine tiled flooring and splash backs, and a chrome heated towel rail.  

FLAT 1  

ENTRANCE HALL Staircase up to the bedroom and the bathroom.  

OPEN PLAN LIVING AREA AND KITCHEN 15' 11" x 10' 10" (4.85m x 3.3m) Fitted wall and base units having work surfaces over and a sink unit inset. This kitchen includes integrated appliances, including a fridge-freezer, dishwasher, washing machine, electric oven and hob. Electric radiator and a sash window.  

SECOND FLOOR LANDING with access to the bedroom and the bathroom. 

BEDROOM 13' 11" x 11' 4" MAX (4.24m x 3.45m) Electric radiator and a sash window.  

BATHROOM W.C A spacious bathroom, fitted with a white three piece suite comprising a bath with a shower and a screen over, wall hung wash hand basin and w.c. Complemented by Travertine tiled flooring and splash backs, window to the rear, an airing cupboard housing the hot water cylinder and a chrome heated towel rail.  

TENURE We are advised that the properties are Leasehold with the remainder of a 999 year lease which commenced in 2009. We are also advised that each property pays an annual ground rent of £125 p/a and a service charge of £250 p/a. 

COUNCIL TAX Both flats are Leeds City Council Tax Band A. For further details on Leeds Council Tax Charges please visit www.leeds.gov.uk or telephone them on 0113 2224404. 

MORTGAGE ADVICE At Dale Eddison Financial Services we offer independent mortgage advice from the whole of the market. John Timms & Nigel Chester search thousands of mortgage products to find the right one for their customers circumstances and needs. Some of these products cannot be found on the High Street and are exclusive to their network TenetLime.

We provide you with the advice you need face to face or if more convenient over the phone at a time to suit you. We will take care of everything from explaining all the options and helping you select the right mortgage, to choosing the most suitable protection for you and your family, and handling the whole application process. We pride ourselves on our professional service, which continues throughout the lifetime of our relationship, not just when your mortgage completes.

Call John or Nigel today on 01943 465465.

YOUR HOME MAY BE REPOSSESSED IF YOU DO NOT KEEP UP REPAYMENTS ON YOUR MORTGAGE.

There will be a fee of £195 for mortgage advice payable on application. We will also receive commission from the lender.  

GENERAL The measurements in these particulars are approximate and have been provided for guidance purposes only. The fixtures, fittings and appliances have not been tested and therefore no guarantee can be given that they are in working order. The internal photographs used in these particulars are reproduced for general information and it cannot be inferred that any item is included in the sale. 

MONEY LAUNDERING REGULATIONS To enable us to comply with the expanded Money Laundering Regulations we are required to obtain identification from prospective buyers once a price and terms have been agreed on a purchase. Buyers are asked to please assist with this so that there is no delay in agreeing a sale.  

 

VIEWINGS Strictly by prior appointment via Dale Eddison's Otley office. Telephone (01943) 465465

OUR OFFICE IS OPEN 7 DAYS A WEEK
Monday to Friday: 9.00am - 5.30pm
Saturday: 9.00am - 4.00pm & Sunday: 11.00am - 3.00pm