Kings Apartments, 1 King Street/Winding Road, Halifax, Investment

Description

MIXED COMMERCIAL AND RESIDENTIAL INVESTMENT
Estimated Rental Value approx £70,000 per annum
Substantial, attractive corner building providing ground floor and basement commercial accommodation with 8 one bedroom apartments above
Positioned on the edge of Halifax town centre
Apartments finished to a good standard with modern fixtures & fittings
On-site car parking available.

The property comprises a substantial corner mixed commercial and residential property which is ashlar stone faced under a pitched and hipped concrete tile covered roof. The property provides ground floor accommodation with return frontage and the benefit of loading off the car park to the rear. This is let to a commercial tenant who has been in occupancy for approximately 5 years. To the upper floors are occupied as self-contained one bedroom apartments under assured shorthold tenancies. The total rental income passing is circa £70,000 per annum with a potential for some rental growth from the residential element of the property. The property provides an excellent opportunity to acquire a mixed commercial and residential investment premises which is close to being fully tenanted and is well located close to all amenities provided by the town centre, in addition to being within walking distance of the bus and train stations.