Offers in region of
£400,000
Land for saleDale Street Apartments, Sowerby Bridge HX6
6 receptions
- New home
- Freehold
PCP Real Estates
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About this property
Private garden
Balcony
Off street parking
Central heating
Double glazing
The existing site is currently vacant.
The existing conditions provide an opportunity to propose a new apartments that are suitable for the current target market of working professionals and purpose built to maximise the sites potential.
The surrounding context is predominantly occupied by residential homes.
The site is easily accessed by vehicles via Dale Street.
Sowerby Bridge train station is within 10mins walking distance from the site.
The area feature close proximity to all local amenity spaces.
The site is directly adjacent to the Rochdale Canal.
There is currently outline planning approval for 6 apartments on the site (which is now passed), which will require excavation.
For further information with regards to the build see below:
Calderdale Metropolitan Borough Council: Application No: 19/01094/res ward 14
Purchase Price: £400,000.00 O.I.R.O
Build Costs: £450,000.00 (Estimation)
Total Cost: £850,000.00
Stamp Duty: £25,000.00
Annual Rent: £1,200.00 pcm x 6 Apartments x 12 Months = £86,400.00
Gross Rent Yield: 9.87%
Rental Potential Per Flat: £1,000.00 - £1,200.00 pcm
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