DESCRIPTION

The OPA are pleased to present this Freehold Investment Property, generating 9% Net Yield and a rental income of £7,800 p.a/

The property is leased to a social housing provider, on a 5  year lease for the investor meaning a truly hands off investment and high yielding return from day 1 with no voids, no general maintenance, no utility bills or council tax and no management fees.

This mid terrace two storey property comprises of 3 Bedrooms, Lounge, Ground Floor Bathroom and Utility. The property is renovated to meet needs of social housing provider.

LOCATION

The property is located on a residential area, just 3 miles from Bradford City Centre.

Bradford is a thriving modern place to live. With a population of over 528,000 it is the fourth largest metropolitan district and has the eighth largest economy in England, worth over £8.7 billion.

Bradford is located at the centre of the UK, with the M606, a spur off the M62 motorway, connecting it to the national motorway network.

TENURE

The property is freehold and is sold as a ready made hands off investment, subject to the following lease:

• 5 Year Lease – Guaranteed Rent For 5  Years

• Rental Income : £7,800 p.a

• Lease Start: October 2022 

• Property Standards: To Meet Social Housing Provider Requirements

• No Voids, General Maintenance, No Utility Costs, No Management Fees

VIEWINGS

Due to the needs of the tenants, viewings will be limited. Please contact The Online Property Agency for viewings.

AGENT NOTES

Photos provided by the seller, prior to the tenant moving into the property.

BUYERS FEE

Buyer's Reservation Fee of 2% of The Purchase Price. Minimum Fee £2400. (All fees inclusive of VAT). T&Cs apply. The OPA’s “Secure It Now Exclusivity Package” This property is being offered under The OPA’s “Secure It Now Exclusivity Package” This is an innovative secure and straightforward way to purchase this property. Here are the benefits for you:

• Secure your dream property straight away

• Properties are realistically priced

• Similar to a “normal” or “conventional” sale with a few measures to protect the buyer and the seller

• Focuses on speed

• Mortgage buyer friendly

• Suitable for first time buyer

• Mortgage buyers and cash buyers compete on equal terms

• No competitive bidding

• No risk of being gazumped

• Minimises risk of fall throughs Secure It Now Exclusivity Package - How does it work?

Secure It Now Exclusivity Package - How does it work?

Our sellers are motivated and willing to price their properties competitively in order to ensure a fast and secure sale. You can now secure the purchase with a buyer’s “Secure It Now Exclusivity fee “ of 2% which includes :

• A legally binding contract granting the buyer exclusive rights to purchase the property within a given timeframe (usually 56 days / 8 weeks )

• Paying the Exclusivity Fee ensures that the seller takes their property off the market as soon as the sale is agreed and reserves it exclusively for you.

• This prevents the risk of gazumping

• helps you avoid losing money and wasting time which most buyers like you may face with the traditional estate agent's approach. • You get a fixed exclusivity period (approximately 8 weeks) to complete, safe in the knowledge that you will not be gazumped or outbid by another buyer.

Step 1 - Register your interest

Step 2 - Sort out your finances

Step 3 - Arrange a viewing / Virtual Tour

Step 4 - Make an offer

Step 5 - Secure your purchase using our buy and Secure It Now Exclusivity package

Step 6 - Exchange and completion Next Steps – Do Not Miss Out

- Please note this is a realistically priced property and is likely going to create a fair amount of buying interest. If you're interested in buying this property, we'd urge you to contact us immediately to avoid losing out.

Please note this is a non-refundable exclusivity fee in addition to the purchase price.

MONEY LAUNDERING REGULATIONS - Intending purchasers will be asked to produce identification documentation at a later stage and we would ask for your co-operation in order that there will be no delay in agreeing the sale. 2: These particulars do not constitute part or all of an offer or contract. 3: The measurements indicated are supplied for guidance only and as such must be considered incorrect. 4: Potential buyers are advised to recheck the measurements before committing to any expense. 5: All descriptions, dimensions, references to condition and necessary permission for use and occupation, and other details are given without responsibility and any intending purchasers or tenants should not rely on them as statements or representations of fact but must satisfy themselves by inspection or otherwise as to the correctness of each of them; 6: No persons in the employment of The OPA has any authority to make or give any representation or warranty whatever in relation to this property. No services, fixtures, fittings or appliances, including central heating, have been tested by the Agent at the time of printing. All references to parts of the fabric, material, decoration, external or internal features or grounds of the property are made without any warranty as to their conditions or effectiveness. Where definite checks have been made, such results will be made clear at the appropriate place in the particulars of sale. Every effort has been made by the Agents to obtain accurate information from the correct sources. However, intending purchasers and other readers are asked to make their own arrangements regarding verification of any statements expressed in these particulars of sale.

“Please be advised that this property may have been owned by the current seller for under six months, or the seller may have the exclusive right to sell the property. If you require any further clarification, please speak to a representative of The OPA.”

Any reference to, or use of any part of the property is not a statement that any necessary planning, building regulations or other consent has been obtained. All photographs shown are indicative and cannot be guaranteed to represent the complete interior scheme or items included in the sale. No person in our employment has any authority to make or give any representation or warranty whatsoever in relation to this property.

Misrepresentation Act 1967: The OPA for themselves and for the vendors or lessors of this property whose agents they are, give notice that: (1) These particulars do not amount to, nor amount to any part of, an offer or contract. (2) None of the statements contained in these particulars should be relied on as statements or representations of fact, therefore all prospective purchasers or tenants must satisfy themselves as to their accuracy.