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2 bedroom apartment for sale
Merchants Court, Bingley BD16
£110,000
Merchants Court, Bingley BD16
£110,000
Our Summary
- Currently achieving 6% rental yield with scope to achieve 8%The property provides, well-proportioned living accommodation at third floor level, and has the benefit of modern kitchen and bathroom fixtures and fittings, electric wall mounted heating and parking
Description
This 2-bedroom apartment is available for buy-to-let purchase and is currently occupied by a long-term tenant, providing a steady income stream. Located in a popular Bingley development, the property offers well-proportioned living accommodation with a modern kitchen and bathroom, electric wall-mounted heating, and parking. The apartment is situated within close proximity to local amenities, including shops, bars, and eateries, as well as excellent primary and secondary schools. With a current rental yield of 6% and potential to achieve 8%, this property presents a lucrative investment opportunity. The property is leasehold for a period of 150 years from 2005, with service charges of £62 per month and ground rent of £175 per annum. Due to the current tenant soon to vacate, the property must be viewed as it may not resemble the current state.