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SOLD STC

The Springs, Wakefield, West Yorkshire, WF1

PROPERTY TYPE

Terraced

BEDROOMS

8

BATHROOMS

8

SIZE

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TENURE
Describes how you own a property. There are different types of tenure - freehold, leasehold, and commonhold.Read more about tenure in our glossary page.

Freehold

Key features

  • 8/9 Bedroom HMO & 2 Commercial Units For Sale
  • HMO Fully Tenanted To Students On 50 Week Contracts
  • 2 Commercial Units Let Out To Bakery & Beauty Salon
  • Generating Gross Annual Income Of £62,000
  • Wakefield Town Centre
  • Gross Yield Of 12.4%

Description

Pure Investor is delighted to bring to the market this fantastic opportunity to purchase an 8/9-bedroom HMO property above 2 commercial units. Each of the bedrooms includes an en-suite and has been finished to a great standard. Currently, the HMO is fully let to students who are paying £125 per week for 50 weeks of the year, resulting in a gross annual income of £50,000. Both commercial premises are fully let out with them being used as a bakery and beauty salon respectively. Both units are producing a gross annual income of £12,000.

Situated in Wakefield town centre with two bus stops directly outside the development on both sides of the road. Wakefield bus station is a 4-minute walk and buses run to Leeds, Bradford, Huddersfield etc. Wakefield train station is a 13-minute walk where trains run to London, Leeds, and Sheffield and offers connecting trains to Manchester and Manchester Airport.

INVESTMENT INFORMATION
- Asking price: £500,000
- 8/9 Bed HMO and 2 commercial premises
- Current rental income: HMO £50,000 per annum, Commercial £12,000 per annum
- Total rental income: £62,000 per annum
- Tenure: Freehold
- Outgoing costs: TBC
- Full HMO license in place
COUNCIL TAXA payment made to your local authority in order to pay for local services like schools, libraries, and refuse collection. The amount you pay depends on the value of the property.Read more about council Tax in our glossary page.
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PARKINGDetails of how and where vehicles can be parked, and any associated costs.Read more about parking in our glossary page.
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GARDENA property has access to an outdoor space, which could be private or shared.
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ACCESSIBILITYHow a property has been adapted to meet the needs of vulnerable or disabled individuals.Read more about accessibility in our glossary page.
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Energy performance certificate - ask agent

The Springs, Wakefield, West Yorkshire, WF1

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About Pure, Manchester

The Lightwell, 61-63 Brown Street Manchester M2 2JG

Having sold investment properties for almost 14 years, Pure Investor is today one of the most established and recognisable property investment consultancies in the UK. Our commitment to the very highest levels of customer service has resulted in Pure Investor now being rated 4.9 out of 5.0 'Excellent' on Trustpilot.

Thinking Of Investing In Property In The UK?

We offer one of the UK widest portfolio's of investment properties available. From traditional, residential buy-to-let properties and purpose built student accommodation, through to market leading off-plan developments in locations including Manchester, London, Birmingham and many more destinations throughout the UK.

Our focus is genuinely consultative, and regardless of whether you're a first time property investor or an institution, we aim to assist our clients in achieving their long term investment goals through property. Many of our client have worked with Pure Investor for many years, both purchasing and selling their investment properties through us.

Thinking Of Selling?

We're one of the UK's leading providers of tenanted buy-to-let properties, and as such if you are considering selling your investment property, but are not sure how to sell with tenants in situ, why not contact our team today to find out about our specialist resales service? We have a global network of property investors who are proactive in purchasing tenanted properties to add to their current portfolios.

Thinking Of Renting Your Property Out?

We have one of the regions fastest growing lettings portfolios, and our full service property management and lettings service is specifically designed to cater for the demands of more established landlords operating throughout the North West of England.

Regardless of whether you are looking to invest in property, or sell your buy-to-let, why not give our team of experienced property consultants a call today to find out more about our services?

We look forward to speaking with you!

Your mortgage

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£2,383
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Disclaimer - Property reference The-Springs-Wakefield. The information displayed about this property comprises a property advertisement. Rightmove.co.uk makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Rightmove has no control over the content. This property advertisement does not constitute property particulars. The information is provided and maintained by Pure, Manchester. Please contact the selling agent or developer directly to obtain any information which may be available under the terms of The Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2007 or the Home Report if in relation to a residential property in Scotland.

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