This spacious three bedroom duplex apartment is offered for sale via traditional auction. The property is currently tenanted generating rental income of £15,000 per annum which reflects a gross yield return of 25% based on the guide price. This property would be a great addition to a rental portfolio. The Old Mill is situated on Thornton Road BD1, directly opposite Arkwrite Hall only a stone`s throw away from the main Bradford University and conveniently set in the heart of the City Centre with easy accessible links to transport (public buses and trains).The development is a former textile mill, which has been renovated to a modern residential apartment building. Leasehold information: Lease length - 125 years from 1st January 2011 Ground Rent - £390 Per Annum Service Charge - Requested from the seller & awaiting information. Please note the seller is recovering all selling fees from back from the buyer, the cost of which will be reflected within the legal pack.

ACCOMMODATION

Third Floor

Duplex - Ground Floor

Lounge/kitchen, bedroom with ensuite, bathroom and storage room.

Duplex - First Floor

Two bedrooms.

ADDITIONAL INFORMATION

Council Tax

Band C.

EPC

Rating C.

Tenure

Leasehold.

Disclaimer

Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Charges & Payments

In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Searches £300 inc VAT

Additional Fees

Administration Charge - See above

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.