This one bedroom first floor apartment in LS16 will appeal to landlords and speculators. Currently tenanted, the apartment is generating an income of £6,300 per annum which equates to a strong yield of more than 11% when based on the guide price. We have been advised by the seller that the lease has 62 years remaining and could be extended for approximately £10,000. Another similar one bedroom apartment on Walesby Court, with an extended lease, sold for £90,000 suggesting there may be scope for profit. Leasehold Information: 62 years remaining on the lease. Please refer to the legal pack for information regarding the service charges and ground rent. Please note: a 14 day completion applies to this lot. 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. The images in the marketing were taken from the lettings advertisement (2018).

Tenure

Leasehold

First Floor

Landing, lounge, kitchen, bedroom and bathroom

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 Buyer's Premium: £900 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.