This double fronted terrace with HMO licence would make a good addition to a rental portfolio. The property comprises a self-contained one bedroom flat with four studios. Each studio has its own kitchen units but shares a communal shower room. The property is currently generating an income of £14,340 per annum with 4 out of 5 units rented, increasing when fully let. Earlier this year, each room was fitted with a Metro Prepaid electricity meter making the tenants responsible for paying for their own electricity usage. The property is located within the selective licencing area of Beeston and is just 1.3 miles from Leeds city centre. 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

Ground Floor

Communal Entrance, Studio 1, Studio 2.

First Floor

Landing, Studio 3, Studio 4, communal shower room.

Second Floor

Flat - Living kitchen, bedroom 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 £1,200 inc VAT. 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.