This first floor, four bedroom apartment in Burley would suit those looking for a high yielding investment opportunity. The property is set within an established student development with good access to Leeds city centre and the universities. Although not currently let for the next academic year 2020-2021, it has been fully let for a number of years generating an income of over £20,000 per annum. This equates to a potential gross return in excess of 17% when based on the guide price. The apartment provides well-presented and shared living room, kitchen and shower room plus four double bedrooms. We have been advised by the vendor that the lease has approximately 993 years remaining. Please refer to the legal pack further information regarding the service charge and ground rent. 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

Leasehold

First Floor

Hall, lounge, kitchen, four bedrooms 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 £1200.00 inc VAT. Search Fees: £240 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.