Opportunities to add value through Property Development.
109 -113 Keighley Road,Halifax, West Yorkshire.
This property is a stone built dwelling consisting of three cottages, each with its own utilities. The building is situated just outside Halifax and is within walking distance to a large Morrisons Supermarket. The property has good transport links being on the bus route to Halifax, Illingworth and surrounding Yorkshire Dales and Bronte country. The property was purchased for ₤90,000. All three cottages were tenanted bringing in a rental income of ₤933 per calendar month. The property has undergone extensive refurbishment at a cost of₤15,000. After the upgrade the three units will collectively rent out for a total of ₤1100 pre calendar month giving a yield of 12%. |
THREE OUT OF ONE
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Old Talbot Inn Site is now in preparation for development. See corner plot on site plan. This will uplift these properties and increase the equity. |