A large terraced house divided into 4 x HMO licenced rooms and 2 x self contained flats. Currently generating an income of £22,200 per annum, and with the potential to increase to circa £28,000 when fully let, this is a ready made investment opportunity offering potential returns of 14% when based on the guide price. The top floor flat is currently vacant due to the rewiring and a scheme of improvement. Tenants pay their own bills via a card payment electricity meter and their water bill is included in their rent. Each HMO room has their own kitchenettes and share a shower room on the same floor. All units have been rewired and feature their own consumer units, emergency lighting and fire/smoke alarm system. Auction House will be updating the images in due course once new carpets are installed. 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

Flat 87A studio, shower, kitchen and store

Ground floor

Two rooms (not inspected) and shower room

First floor

Two rooms, kitchen and bathroom

Second floor

Flat 87b living room, bedroom, shower, kitchen

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.

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.