Ground Rents for Auction West Yorkshire LS29 £17,000 To £20,000 UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS

UNSOLD, CONTACT AUCTIONEER FOR RESERVE PRICE/AVAILABILITY STATUS
Property Types

Auction date: Wed, 24/04/2024 - 08:00

A residential ground rent investment comprising the freehold interest in a high-quality, 5 apartment block, generating a total annual rent of £1,250pa. Occupying an enviable position, the purpose built development is surrounded by mature landscaped gardens and allocated off street parking for each apartment. The apartments are sold by way of long leaseholds, all on 999 year terms. The property is situated in an attractive area of Ilkley. Based off the guide price, the lot offers a gross initial yield of 8.3% and presents a low-risk investment for buyers.

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