Block of Apartments in Bradford

72/74/74a New Street and 37/39 Butt Lane, Idle, Bradford BD10 9RQ
  • Lot No: 153
  • Property Type: Block of Apartments
  • Contract Type: Unconditional with Variable Fee

Guide Price* £200,000+ plus fees

Result Sold Prior to Auction

Property Description

Five self-contained flats in Idle, Bradford, currently part-let producing £20,400 per annum with potential to increase. Situated within the popular town of Idle, approximately four miles north of Bradford City Centre is this substantial property comprising five self-contained flats. The property is located within walking distance of the town centre and all necessary amenities and services can be found nearby, including shopping facilities, schooling and transport links. Bradford City Centre is easily accessible with convenient road links nearby and public transport services providing a direct route, ideal for commuters. Transport links in the area include a regular bus network and train services operate from Apperley Bridge, Shipley, Baildon and Bradford City Centre, all within a few miles from the property. The property itself has been well maintained and benefits from spacious accommodation throughout with potential to extend or make use of the large cellar which is currently being used as storage space. The property has been fully let up until recently and when fully let the property produces £2,200 per calendar month. With one flat currently vacant, the income remains at £1,700 per calendar month. We believe that there is potential to increase the income beyond the £2,200 per calendar month. Prospective buyers are advised to make all necessary independent enquiries prior to placing their bid as this will be binding. A breakdown has been provided below:

72 New Street:

Ground floor, one bedroom flat sold with vacant possession.


74 New Street:

Ground floor, two bedroom flat currently tenanted at £400 per calendar month.


74a New Street:

First Floor, two bedroom flat currently tenanted at £500 per calendar month.


37 Butt Lane:

First Floor, two bedroom flat currently tenanted at £400 per calendar month.


39 Butt Lane:

Ground Floor, one bedroom flat currently tenanted at £400 per calendar month.


Draft Sales Details

These sales details are awaiting vendor approval.


Tenure

Freehold

Auction Details: The sale of this property will take place on the stated date by way of Auction Event and is being sold as Unconditional with Variable Fee (England and Wales). Binding contracts of sale will be exchanged at the point of sale. All sales are subject to SDL Property Auctions’ Buyers Terms. Properties located in Scotland will be subject to applicable Scottish law. Auction Deposit and Fees: The following deposits and non- refundable auctioneer’s fees apply:
  • 5% deposit (subject to a minimum of £5,000)
  • Buyer’s Fee of 4.8% of the purchase price for properties sold for up to £250,000, or 3.6% of the purchase price for properties sold for over £250,000 (in all cases, subject to a minimum of £6,000 inc. VAT). For worked examples please refer to the Auction Conduct Guide.
The Buyer’s Fee does not contribute to the purchase price, however it will be taken into account when calculating the Stamp Duty Land Tax for the property (known as Land and Buildings Transaction Tax for properties located in Scotland), because it forms part of the chargeable consideration for the property. 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 all auction methods and sale types please refer to the Auction Conduct Guide which can be viewed on the SDL Property Auctions’ home page. This guide includes details on the auction 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.

Auction Details

Date 27th April 2023

Venue National Property Auction
The National Property Auction will be broadcast live on our website and open to remote bidding online, on the phone and by proxy. Registration for bidding will close at 5pm the day before the auction.

Lot Information

Contact Us

If you have any questions, call our team on 0800 046 5454

Map

72/74/74a New Street and 37/39 Butt Lane, Idle, Bradford BD10 9RQ