Lot
064
Auction Ends: 24/04/2024 - Bidding opens Tuesday 23rd April 10:00 AM

Ground Rents, 71 Grove Road, Ilkley, West Yorkshire, LS29 9PQ

Property Details
Location
Auction Details
Description
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.
Location
The property is located on Grove Road, close to its intersection with Victoria Grove, in Ilkley. The local area is predominantly residential and is a desirable place to live.
Costs
Details of the Buyer's Premium and any additional fees payable are contained within the legal documents.
General
1. All the information provided on our website is for indicative purposes only and interested parties should refer to the contents of the legal pack and rely upon their own due diligence as a prudent bidder.

2. PLEASE NOTE BIDDING COMMENCES ON TUESDAY 23RD APRIL AND CLOSES ON WEDNESDAY 24TH APRIL.

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