A fantastic opportunity to acquire an investment property in the popular rental area of Harehills, Leeds. This substantial property has been converted into four self-contained apartments and is being sold with vacant possession.
The accommodation comprises:
• Basement Studio Apartment, newly renovated.
• Three 1-Bedroom Apartments, in need of some modernisation.
Each apartment is currently let at £750pcm, generating a total rental income of £3,000 per calendar month (£36,000 per annum).
Key Features:
• Separate utilities for each apartment (individual gas, electric, and council tax)
• Valid EICRs (Electrical Installation Condition Reports)
• Up-to-date Gas Safety Certificates
• Current EPCs for each unit
• Smoke Alarm testing all compliant and up to date
Located close to local amenities, transport links, and Leeds City Centre, this property presents an excellent investment.
Early viewing is highly recommended.
This property is for sale by the Modern Method of Auction, meaning the buyer and seller are to Complete within 56 days (the "Reservation Period"). Interested parties personal data will be shared with the Auctioneer (iamsold).
If considering buying with a mortgage, inspect and consider the property carefully with your lender before bidding.
The buyer signs a Reservation Agreement and makes payment of a non-refundable Reservation Fee of 4.5% of the purchase price including VAT, subject to a minimum of £6,600.00 including VAT. This is paid to reserve the property to the buyer during the Reservation Period and is paid in addition to the purchase price. This is considered within calculations for Stamp Duty Land Tax.
Services may be recommended by the Agent or Auctioneer in which they will receive payment from the service provider if the service is taken. Payment varies but will be no more than £450.00. These services are optional.
