This through terrace property was divided into three self-contained flats over 20 years ago and has recently been granted a certificate of lawful use to offer any interested parties some additional confidence. At present, the ground and first floor flats are let producing a combined annual income of £9,360 with potential to increase to £15,000 once the second floor flat is let. This would equate to a return of 13% when based on the quoted guide price. Each flat has been separately assessed for council tax with the ground floor and first floor flat having their own gas and electric meters. The second floor flat has its own electricity meter only. The lower ground floor has its own separate access to the rear and window to the front. The ceiling height is 2.2 meters (approx) allowing for the potential of an additional self- contained flat subject to the necessary consents being obtained. The seller has advised us that this area also has its own electricity supply. The property is located in Armley, an area popular with investors and is just 2.3 miles to the West of 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

Basement Storage

Ground Floor - Flat 1

Living/kitchen, bedroom and bathroom.

First Floor - Flat 2

Living/kitchen, bedroom and shower room.

Second Floor - Flat 3

Living/kitchen, bedroom and shower room.

Externally

The property has small yards to the front and rear.

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.