This spacious two bedroom ground floor flat has been let to the same tenant for many years and is currently producing an income of £6,175 per annum. Based on the quoted guide price this equates to a return of more than 11%. We have been advised by the seller that a new boiler was installed last year. The property is located 3.5 miles to the south of Leeds city centre with good links to the local motorway network. Leasehold Information: Leasehold Information: 125 years lease from May 2005. The combined service charge and ground rent is £152.52 p.a 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. Please note: A 14 day completion applies to this lot.

Tenure

Freehold

Ground Floor

Entrance hall leading to kitchen, living room, bathroom and two bedrooms.

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 Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor's 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.