***CALLING ALL PROPERTY SPECULATORS AND LANDLORDS*** This second floor two bedroom apartment, with large patio/balcony area and secure parking is one to add to a portfolio. Currently let, the apartment is generating an income of £9,900 per annum which equates to a return of 9% based on the guide price. This is far higher than is normally achieved in Leeds city centre. The property has been significantly reduced having been marketed by a local estate agent at £160,000! North Crescent is on the door step of Leeds city centre with access to the universities, bus and train stations. Flat 10 within the development is also for sale in our May auction should anyone wish to purchase both. LEASEHOLD Lease 250 years from and including 1 January 2014. Ground rent is only £100 per annum and service charges of £1743 per annum. 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.
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.
Leeds City Council
Administration Charge - See above
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.