Apartment
Property Description:
This 9th floor two bedroom apartment, located within The Gatehaus development in Bradford City Centre, would make a good addition to a portfolio. The property is currently generating an income of £8,400 per annum, which equates to a gross return of almost 20%, based on the current guide price.
The accommodation comprises, living kitchen, bedroom, occasional double bedroom (internal window only) and bathroom. There is a balcony and the apartment comes with underground parking space number 29.
The Gatehaus development is very close to the centre of Bradford and only a short walk from the Broadway shopping centre.
Tenure:
Leasehold. Subject to tenancy.
Auction Details
The sale of this property will take place on the stated date by way of Live streamed auction and is being sold under the Unconditional sale type.
Binding contracts will be exchanged at the point of sale.
All sales are subject to our Common Auction Conditions and Bidder Terms. Properties located in Scotland and Northern Ireland will be subject to applicable local laws.
Auction Deposit and Fees
The following deposits and non- refundable auctioneers fees apply:
• 10% deposit (subject to a minimum of £5,000)
• Buyers Fee of £2,400 inc. VAT
There may be additional fees listed in the Special Conditions of Sale, which will be available to view within the Legal Pack. You must read the Legal Pack carefully before bidding.
Additional Information
For full details about our auction processes, please refer to the Bidder Terms which can be viewed on our home page.
This explains the types of auction and sale methods we offer, the bidding registration process, your payment obligations, and how to view the Legal Pack (and any applicable home report for residential Scottish properties).
Guide Price & Reserve Price
Each property sold is subject to a Reserve Price. The Reserve Price will be within + or - 10% of the Guide Price. The Guide Price is issued solely as a guide so that a buyer can consider whether or not to pursue their interest. A full definition can be found within the Buyers Terms.
