Instant Valuation

The Old Chapel a Freehold Block of apartments in Eccleshill For Sale

Monroe Commercial are exclusively instructed to offer for sale this well maintained 'unbroken' freehold block of 12 apartments and one townhouse. This fully let investment opportunity has an ERV of £109,440 PA and a strong track record of high occupancy levels, virtually 100% since the conversion of a former chapel was completed in 2010.

Currently, the properties generate a gross income of £85,140 PA, however, the vendors have chosen not to increase rents for a number of years. The market rent for the building is £109,440 and many of the tenancies are now expired and rolling, which presents an opportunity to increase the income whilst maintaining occupancy.

All apartments and the freehold itsself have been well maintained since the conversion in 2010. The Freehold includes 13 parking spaces and a south facing communal garden.

Situated on the junction of Victoria Road and Stony Lane in Eccleshill, the development is well placed for access via the A658 to Leeds Bradford Airport and a short drive to the Leeds Ring Road A6120, means great access to Leeds City Centre also. Eccleshill is just West of Leeds and Northeast of Bradford City Centre.

The block comprises of 12 x 2-bedroom duplex apartments and 1 x 3-bedroom townhouse, which are mainly let unfurnished, which tends to attract longer term tenants. Each property is let with one parking space.

Please contact Monroe to arrange an appointment.

Further information for The Old Chapel a Freehold Block of apartments in Eccleshill

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