Kirkgate, Shipley, West Yorkshire, BD18 3EH

INVESTMENT OPPORTUNITY | EIGHT SELF-CONTAINED APARTMENTS | CIRCA £67,920 PA RENTAL INCOME | CIRCA 6.5% GROSS YIELD

An excellent opportunity to acquire a substantial residential investment comprising eight self-contained apartments within two adjoining blocks forming an impressive detached period property on Kirkgate, Shipley.

The property comprises two adjoining blocks of four apartments, with each block held on individual leaseholds originally granted for 999 years, with approximately 979 years remaining. The freehold interest is also available, offering an attractive proposition for investors seeking a substantial multi-unit residential asset.

The eight apartments comprise two, two-bedroom maisonettes, each benefiting from its own front and rear entrances, alongside six one-bedroom apartments, including first-floor and loft-style accommodation. The apartments offer well-proportioned accommodation, with open-plan lounge and kitchen layouts, fully fitted kitchens and bathrooms. The maisonettes benefit from gas-fired central heating, with the remaining apartments also benefiting from gas central heating.

Communal facilities include a fully integrated fire alarm system with call points, 24-hour emergency lighting to the stairways and landings, and double glazing throughout. Off-road parking is available to the rear for the maisonettes, with the front amenity area providing additional outdoor space.

The investment currently generates a combined rental income of approximately £67,920 per annum across the eight apartments. Based on an indicative portfolio value of circa £1,050,000, this represents a gross yield of approximately 6.5%. The two blocks are also available individually at approximately £525,000 each, providing flexibility for investors depending on their requirements.

Kirkgate is a prominent approach to Shipley town centre, providing convenient access to a wide range of local amenities and transport connections. The bus stop is directly outside the property, with Shipley bus and railway stations approximately a 10-minute walk away, offering regular connections to Bradford, Leeds, Skipton and beyond. The popular Saltaire World Heritage Site is also within approximately five minutes' walk, providing access to its independent shops, cafés, bars and restaurants, alongside the wider amenities of Shipley town centre.

With an established rental history, excellent tenant demand and eight self-contained apartments within two characterful blocks, this represents an attractive opportunity for investors seeking an established income-producing asset, whether as a complete portfolio acquisition or through the purchase of an individual block.

Early viewing is recommended.

The property is connected to mains gas, electricity, water and drainage.

According to Ofcom, the property is served by broadband and mobile services, with availability and speeds subject to provider and subscription.

Agent Disclaimer:

We have not tested the equipment, services, or installations at this property and recommend that prospective buyers arrange for a qualified professional to inspect any appliances before making a commitment.

VIEWINGS – Strictly By Appointment only through Macaulay & Co. We advise all potential viewers to read our Privacy Policy, available on our website or as a printed copy upon request.

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Any floor plans are for guidance and illustrative purposes only. While we strive for accuracy, we cannot guarantee the precise layout, dimensions, or details shown. Any measurements or boundaries should be verified through the title deeds. We accept no liability for any loss or damage arising from reliance on this information.

These details have been prepared using observations and information provided by the seller. A full structural survey has not been carried out.

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