This substantial terrace, having been divided into 7 x studios approximately 30 years ago, is fully let and generating a whopping income of £36,400 per annum. This is offering high returns of 26% when based on the guide price. Four of the existing tenants are longstanding having lived in the property between 5 and 20 years! Some of the units are, therefore, a little tired and would require updating if they were to become vacant. Other units have been maintained and modernised in recent years. Each studio accommodation consists of living bedroom, kitchen facilities and shower room. The units are separately metered and tenants pay their own bills leading to a healthy return for the investor. The property is located on Dewsbury Road, only 1.5 miles south of Leeds city centre.
Lower Ground Floor
Basement flat - Living area, bedroom area and shower room.
Communal hall, Flat 1 - Living bedroom and shower room. Flat 2 - Lounge, bedroom area, kitchen and shower room.
Landing, Flat 3 - Living bedroom, kitchen and shower room. Flat 4 - Living bedroom, kitchen and shower room.
Landing, Flat 5 - Living bedroom and shower room. Flat 6 - Living bedroom and shower room.
Charges & Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,080 inc VAT.
Leeds City Council
Administration Charge - Purchasers will be required to pay an administration fee of 0.9% inc VAT, subject to a minimum of £1080 inc VAT
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.