FOR SALE BY AUCTION, WEDNESDAY 25TH MARCH AT 2:00PM, ELLAND ROAD STADIUM, LEEDS, LS11 0ES

COMBINED SALE OF GROUND RENTS AND 3 FLATS An opportunity to purchase ground rents for 13 studio/one bedroom flats currently generating £2400 per year as well as two studio flats and a one bedroom flat with an annual income in excess of £12,100. The flats all feature long-term tenants and would benefit from rent reviews that have the potential to increase the rental income to over £14,000 per annum. This period conversion sits in the enviable Nether Edge suburb of Sheffield and is popular with tenants and owner occupiers due to the eclectic mix of nearby pubs, bars and restaurants, local amenities and excellent transport links.

Tenure

Leasehold

Local Authority

Sheffield City Council

Solicitors

Craig Law, Keebles LLP, Commercial House, 14 Commercial Street, Sheffield, S1 2AT, Tel: 0114 276 5555

Additional Fees

Buyer's Premium - £1200 inc VAT payable on exchange of contracts.

Administration Charge - 0.9% inc VAT of the purchase price, subject to a minimum of £1080 inc VAT, payable on exchange of contracts.

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.