COVID-19 – Important Auction Information
For Sale By Auction | 12:00, 11 May 2022 | Lot 27a

Flat 38, 55 North Street, Leeds, West Yorkshire, LS2 8JS

*Guide | £110,000 + (plus fees)

  • Apartment
  • 2 Bedrooms
  • Tenure: Leasehold

Call the team on 0113 393 3482 for more information

Auction Date

Wed 11/05/2022

Auction Time

12:00

Auction Venue

Live Stream Auction

***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.

Tenure

Leasehold

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.