This large terraced property was divided into five studios many years ago and is sure to appeal to those searching for a high yield. Each of the units has a selective license which can be found in the legal pack along with a notice of entry. The property is currently fully let generating an income of £30,053 per annum. This equates to a whopping 21% return based on the quoted guide price. Each of the studios is self contained, has a kitchenette, shower room and its own card operated electricity meter. Located in Beeston, the property is just two miles south of Leeds city centre. Auction House have not inspected the property and the images provided are from our sale in 2020. The current managing agents have advised this is a true reflection of the current condition of the property. 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 Hall. Room 1 and shower room. Room 2, kitchen and shower room.

First Floor

Landing. Room 3 and shower room. Room 4, living kitchen, bedroom area and shower room.

Second Floor

Living bedroom, kitchen and shower room.

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: £1,200 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.