This through terrace in Beeston is configured as 2 x self-contained studios and 3 x bedsits sharing a communal shower room. The property is fully let and generating an income of £20,481 per annum. Based on the lower guide price, this equates to a return of more than 16% and is sure to appeal to landlords looking to add to their portfolio. The income could be increased to £22,886 by bringing rents in line with current Local Housing Allowance rates. The property has been in the current configuration since 2005. Recently, external insulation and high retention storage heaters were installed which has significantly improved the energy efficiency rating. The property is located only 2 miles south of Leeds city centre and sits within the selective licencing area of Beeston. 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

Studio with shower room and wc.

Ground Floor

Hall, Bedsit 1, Bedsit 2.

First Floor

Landing, shared shower room, room 3/store, Bedsit 4.

Second Floor

Landing, Studio with shower room.

Externally

Small yards to front and rear.

Charges & Payments

Purchasers will be required to pay an administration charge of 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT in addition to the deposit. Search Fees: £240 inc VAT.

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.