This freehold ground rent investment is offered with an income of £3,250 pa resulting in an impressive yield of 8% when based on the quoted guide price. The property comprises a three storey block arranged to provide 13 self-contained flats with parking. Each flat is sold on a lease for a term of 125 years at an initial ground rent of £250pa. The flats are located in the popular village of Rodley with the local cricket club, shops, restaurants and nature reserve less than a half a mile away.

Tenure

Freehold

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. Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors solicitor. For more details please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

Local Authority

Leeds City Council

Additional Fees

Administration Charge - See above

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