HALIFAX

CITY LOFTS

PROPERTY TYPE:

  • Property Reference: CL143
  • Residential Conversion Development
  • 28 brand new apartments
  • Serviced Accommodation

PURCHASE PRICE:

  • 1-Bedroom Apartments From £112,000
  • 2-Bedroom Apartments From £158,000

RETURNS:

  • Projected 5-6% rental yields for long-term lets
  • Projected NET yields as high as 14.59% via Short-term let model

OTHER HIGHLIGHTS:

  • Residential conversion development
  • Prime Town Location
  • Short-term let approved
  • Hands-off, fully managed, income-generating asset
  • 999 year leasehold
  • Scheduled Q3 2023 completion

 

Overview

Overview

Set in the heart of Halifax town centre, City Lofts is set to be a beautiful conversion of a building full of charm into 28 luxury 1 & 2-bedroom apartments.

Taking advantage of the fantastic location tenants will greatly benefit from the easy access to the shopping facilities, amenities, bars, cafes and the animated nightlife found in Halifax.

The apartments are fully managed by an experienced lettings company as serviced accommodation to target the growing holiday/short-term let rental market.

High-yielding apartments are available to purchase from £112,000 with NET yields predicted up to 14.59%. Alternatively, longer-term rental options are projected to return 5-6% per annum.

Location overview

The property is located in the large market town of Halifax in Calderdale, West Yorkshire, which is in the South Pennines, approximately four miles from the M62 motorway, between Bradford and Huddersfield.

The town is approximately 17 miles west of Leeds’s regional commercial centre and about 30 miles east of Greater Manchester, across the Pennines.

City Lofts is situated on the northern periphery of the town, within the Halifax town centre conservation area.

Nearby:

• Halifax Town Railway Station – 0.5 miles
• Halifax Minster – 0.4 miles
• Woolshops Shopping Centre – 0.3 miles
• Broad Street – 0.1 miles
• Piece Hall – 0.4 miles
• Eureka Museum – 0.6 miles
• Shibden Park – 1.2 m

What’s The Address Of The Development?

13-17 Silver Street, HX1 1HS

 

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