This modern block of flats was developed by the current owner in 2002 and we are now able to offer the freehold and ground rents for all 10 flats making up the block. At present, the annual income being generated is £2,475 with 125-year leases having been granted on 1st February 2003. Based on the lower guide price the investment offers returns in excess of 8%. The property is located just off Shadwell Lane in one of north Leeds most popular suburbs. The city centre lies 5 miles to the south. 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

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.

Dispersments

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.

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.