Despite appearing to have been four separate properties in a previous life, the building has been rented as nine self-contained flats in more recent times. Although a Certificate of Lawful Use allowing this was granted in November 2019, we have been advised that some of the room sizes are now deemed too small and as a result of this a further planning application has recently been approved. Once implemented, this application would result in a property comprising of five one-bed and a one two-bed flat with a spare office or storage area. Please see the floorplans for the current and proposed layouts. At present, the property is occupied by four tenants generating an annual income of £20,800 with a potential to increase to approximately £32,000 per annum. The property is located in Holbeck (outside of the nearby selective licensing area) and is less than a mile from Leeds city centre. Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Tenure

Freehold

Ground Floor

Three flats

First Floor

Five flats

Second Floor

Two flats

Charges and Payments

In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT Search Fees: £240 inc VAT.

Energy Efficiency Rating (EPC)

Current Rating Please refer to the legal pack

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.