Martins Mill, Buy-to-Let Investment in Halifax
Halifax Residential Property
Properties from £64,950 - £94,950
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Standing proudly above the bustling town of Halifax is Martins Mill, a brand-new residential conversion of a locally famous and historic mill building. The six-storey mill, built in the late 1800s, is to be transformed into just 60 unique apartments, with the majority enjoying spectacular views of the rolling hills of the Shibden Valley.
Just a few minutes’ walk from the shops, bars and restaurants of Halifax town centre, Martins Mill has been designed specifically to cater to Halifax’s growing professional population, including the steady influx of contract workers employed by Lloyds Banking Group at the nearby Halifax head office. Uniquely, the development comes with 26 parking spaces.
Prices start from just £64,950, providing exceptional value compared to similar properties in the local area. The apartments are fully managed by an existing local management company, with a gross yield of 8%.
Why invest in Halifax?
Halifax has been a centre of the fabric and carpet manufacturing industry since the 15th century. It is also home to Halifax Building Society, founded in 1853 and still headquartered in the town, as well as Mackintosh’s Chocolate and toffee products, of Rolo and Quality Street fame. Halifax has one of the most complete Victorian townscapes in Britain, with many impressive buildings, such as the Grade II listed Town Hall, the work of Sir Charles Barry, designer of the Houses of Parliament, Halifax Minster, and the truly unique Grade I listed Piece Hall. The town’s heritage has been uplifted with an extensive cycle of investment into public spaces and retail.
Piece Hall has undergone a £19m refurbishment and reopened to the public in August 2017. It is home to a range of shops, bars and cafes, with more new businesses opening in the coming months and an exciting year-round event programme. Dean Clough, one of the largest textile factories in the world, has also been recently refurbished as a business, arts and leisure space, employing more than 4,000 people.
A further £58m of regeneration funding is in the pipeline, earmarked for improvements to accessibility, civic squares, and a new train station plaza, as well as new office sites, a central library, and a leisure centre. In addition, the Calderdale Transport Strategy 2031 has been billed as the ‘biggest single investment programme Calderdale has seen for a century’, and is aimed primarily at facilitating further economic growth.
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Martins Mill provides a unique urban living experience in the heart of the historic town of Halifax and offers a variety of investment highlights.
- Brand-new residential conversion of a locally renowned historic mill building.
- 60 high specification 1 and 2 bed apartments across 6 storeys.
- Prices from £64,950.
- 8% returns, insured for 12 months.
- Award-winning developer with a strong track record.
- Fully managed by a local rental management company.
- Close to local shops, bars and restaurants.
- 26 parking spaces available.
- New build warranty, 10 year structural guarantee.
- Two year fixture, fittings and defects warranty.
- Reserve for £3,200.
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Halifax is a town that blends the old with the new and this is exactly what is Martins Mill will reflect: modern living in historic surroundings. Dominating the skyline, Martins Mill is a bricks and mortar beacon for Halifax.
Sitting proudly in an elevated position on Pellon Lane, in the north west of Halifax, Martins Mill is ideally situated for the growing young, professional population, being just a few minutes’ walk from a wide range of shops, restaurants and bars.
With easy access to the town centre, by foot, car or public transport, the residents of Martins Mill will be able reach the numerous offices and businesses nearby including the Halifax bank head office, Covea Insurance, Jack Wills headquarters, Calderdale Council, SSP Worldwide, Yorkshire Bank and Nestle (who now own the Mackintosh’s Rolo and Quality Street brands).
Our team of executives are on-call to assist you throughout every stage of the purchase process, from initial enquiry to completion of your property purchase. The purchase process will proceed as follows:
- Your sales consultant will prepare a reservation form which includes details of the unit that you have chosen and the financial terms offered by us.
- You will then be asked to sign the reservation form and pay the £3,200 fee to reserve the unit. This fee is made up of a £1,200 non-refundable finders fee and a £2,000 refundable reservation deposit. Within seven days, you are required to send us your certified identification documents along with source/proof of funds for the unit.
- A memorandum of sale is then issued to the third party solicitor chosen by you to act on your behalf. At this point the purchase contracts will be sent to your solicitor for review.
- You will then be required to pay a 20% exchange deposit, less the reservation deposit.
- Your solicitor will send you the purchase contracts and their report on title; this is your third party advice that relates to your purchase. You should read this thoroughly and liaise directly with your solicitor to ensure you’re satisfied with the documents you have received.
- Once you are ready to proceed you will be asked to sign and where appropriate have your witness sign the contracts and return them to your solicitor, using a secure, signed-for delivery service. At the same time, you are required to transfer the 80% balance of purchase into your solicitor’s client account.
- Upon receipt of your documents and the balance purchase monies, exchange and completion can take place. Your lawyer will then attend to all registration formalities with the Land Registry.
- Omitting delays, the purchase process is scheduled to take no longer than 28 days from the point of reservation
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