This licenced HMO in Leeds is sure to appeal to those looking for a high yield. The property has a licence for 7 people and provides 3 x self contained flats and 4 x bedsits that share bathroom/shower room facilities. A handful of the tenants are longstanding having lived in the property for 10-15 years. There are currently six tenants with one having use of both rooms on the lower ground floor. The income being generated is £23,048 per annum which could be increased to £27,000 when fully let. This offers a potential return of more than 15% based on the guide price. The property has a single boiler for the house and each room has its own electricity meter. 2 Arthington Grove, the adjoining terrace is also for sale in our September auction should anyone wish to purchase both. 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

Lower Ground Floor

Bedsit 1, Bedsit 2, w/c and shower room

Ground Floor

Communal entrance, Flat 3 and Flat 4

First Floor

Landing, Flat 5, Bedsit 6, w/c and house bathroom

Second Floor

Bedsit 7 and room

Externally

Yard to the front and side

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 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.