Summary - Flat A, 100 Wakefield Road, SOWERBY BRIDGE HX6 2AZ
1 bed 1 bath Commercial Development
**Standout Features:**
- Fully let investment producing £36,600 per annum
- Gross yield of 8.13% based on asking price of £450,000
- Detached block of 7 one-bedroom flats/bedsits
- Off-street parking and private yard area
- Scope for rental growth and increased income potential
**Summary:**
Situated in the thriving area of Sowerby Bridge, this commercial development at 100 Wakefield Road presents an excellent investment opportunity with strong rental income and the potential for growth. The property consists of seven well-maintained one-bedroom flats, fully let, generating a combined income of £36,600 annually. With a competitive gross yield of 8.13%, this asset is likely to appeal to discerning investors seeking solid returns.
The property's generous size of 2013 square feet allows for potential future renovations or improvements to increase value. Enjoy added benefits like off-street parking and a small private yard, ideal for tenant relaxation or social interaction. The area boasts convenient amenities, including schools with good Ofsted ratings and easy access to both urban and natural landscapes, promoting a comfortable living environment.
While the property offers significant advantages, prospective buyers should be aware that utility services have not been tested. The current rental market conditions signal opportunities for rate increases, making this property not just a space to invest in but a chance to grow wealth in a constrained rental area. Act quickly to secure this unique opportunity!
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