Lot No. 6

**SALE BY AUCTION** – A Modern Fully Furnished Second-Floor Studio Apartment, Let on Guaranteed Rent to a Housing Association – Producing £18,200 Gross Rent Per Annum with a 10% NET Return Assured for 25 Years, – Fully Hands-Off Investment with a Buy-Back Option at Year Three Offering a 30% Uplift.

**For Sale By Public Auction – To inspect the legal documents for this property, please visit our website to download the legal pack.**

Description: The property comprises a second-floor studio apartment within Card House, a listed former mill building that has been carefully converted to provide modern residential accommodation. Extending to approximately 388 sq. ft., the apartment offers light and spacious living throughout. The accommodation includes a generous open plan living and bedroom area, a fitted kitchen with a range of wall and base units, built-in oven, hob, extractor, fridge-freezer and stainless-steel sink unit, together with a tiled shower room incorporating cubicle, WC and hand basin. Externally, shared parking spaces are available. This is a cash-only purchase and presents an exclusive investment opportunity in Batley. The apartment is fully furnished, completed and tenanted, and is let on a guaranteed rent agreement fully backed by a government scheme and secured through a CBS Registered Housing Association. The investment generates £18,200 gross rent per annum, with a 10% NET return assured for 25 years. Returns are immediate, with rental income paid from completion of purchase. A buy-back option is available at year three with a 30% uplift, providing an additional opportunity for capital growth. This is a fully hands-off investment, designed to deliver strong, high yield returns with no void periods, no service charges and no management fees. Held on a 125-year lease from 2017, with approximately 116 years unexpired.

Location: The property is situated on Bingley Lane in Bradford. To the west of the property are two golf courses, whilst to the north lies mature protected woodland and open fields within the ownership of Hallmark. To the east there is a recently completed private housing development alongside Belle Vue Girls’ School. The location further benefits from convenient access to local amenities, schools and transport links, with Bradford city centre situated a short distance away.

Accommodation 

• Studio Room / Living Area
• Kitchen
• Shower Room
• External Parking