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Introducing this fantastic Shipley based secure income producing investment opportunity.



This 5-bedroom HMO property located on Norwood Road in Shipley. Situated just 11 miles West of Leeds, and 2.6 miles North of Bradford. Just 2.5 North east of Bradford infirmary.



Guide Price £300,000 Plus



This spacious property boasts 5 en-suite bedrooms, plus a communal kitchen and lounge,



The property benefits from having had no voids in occupancy since its recent refurbishment.



The accommodation

The property is arranged over four floors:



Ground floor

From the front entrance the ground floor provides access to:



The front facing lounge sitting room with its Georgian style bay window.



The hallway leads to the fully equipped kitchen dinner



Basement Floor



The ground floor staircase(s) in turn provides access to



Bedroom 1 with ensuite bathroom

Bedroom 2 with ensuite bathroom



First floor



Bedroom 3 with ensuite bathroom

Bedroom 4 with ensuite bathroom





Second floor



Bedroom 5 with ensuite bathroom



Plus in addition the separate laundry room which benefits from offering shared communal use.

Externally

The property provides tenants with an enclosed Rear garden /relaxation area.





The Income

The Gross annualised rent reserved at £36,000 Per annum provides an ideal opportunity for a hassle free income generating investment.



Location
Situated in the heart of Shipley, this property offers easy access to nearby amenities and transport links.



Frizinghall Station, Shipley Station, and Saltaire Station are all within close proximity, making commuting a breeze.

Families will appreciate the proximity to Shipley CofE Primary School, High Crags Primary Leadership Academy, and Frizinghall Primary School, all of which are just a stone’s throw away.



The income deriving assets

The property is currently fully tenanted with tenancy agreements in place, generating a gross income of £36,000 per year.

Each room rents for £600 per month, inclusive of all bills,



Tenure : freehold. With vacant possession – subject to existing tenancies upon completion.

Council Tax band: B

EPC rating: D

The agents would advise Don’t miss out on this incredible opportunity to own a well-managed and profitable HMO property in Shipley.



Contact us today to arrange a viewing and secure your future investment!



BUYER’S PREMIUM

Applies under the fall of the hammer. The purchaser shall pay 10% deposit. Plus, in addition, a buyer’s premium of 2% of the sale price, a minimum of £4,000 + VAT upon exchange of the contract.

When registering to bid with us we will require 2 forms of ID (Passport, Driving Licence) to fit in line with the Anti-Money Laundering Act.

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Contact us on 0207 101 36 47
Email us at: sales@palaceauctions.com
www.palaceauctions.com