Bridge End, Brighouse

Pure Investor is delighted to offer three newly built 1-bedroom apartments in Brighouse. All the apartments currently have tenants in situ who are all on fixed AST’s. The apartments were completed around the same time and offer buyers a hand off investment that is fully furnished. The apartments consist of 1 double bedroom, kitchen, bathroom, living room with one apartment included a well sized garden space. The landlord would ideally like to sell all the apartments in one transaction but would be open to the idea of selling them off individually.

Investment Breakdown
Full address: 1, 2, & 4, 29 Bridge End, Brighouse, HD6 3DN
Asking price: £330,000
1 double bedroom per apartment.
1 family bathroom with shower, sink, toilet, and towel rail.
Tenure: Leasehold (247 years remaining) on all apartments.

Apartment 1 current rental income: £660pcm
Ground rent: £150 per annum
Service charge: £965 per annum
Gross Yield: 7.2%
Net Yield: 6.2%

Apartment 2 current rental income: £725pcm
Ground rent: £150 per annum
Service charge: £991 per annum
Gross Yield:7.9%
Net Yield: 6.8%

Apartment 4 current rental income: £700pcm
Ground rent: £150 per annum
Service charge: £991 per annum
Gross Yield:7.6%
Net Yield: 6.6%

Overall letting income per annum once 8% management fee deducted: £23,113
Service charge per annum on all 3 apartments: £2,947
Ground rent per annum on all 3 apartments: £450
Overall net income: £19,716
Net yield: 6.0%

Bridge End, Brighouse - Key Points

Location

Huddersfield, United Kingdom