This is a rare opportunity to purchase a freehold block of six flats in Halton, Leeds. The flats cover the first and second floors of this mixed use building (see main image) and have their own ground floor entry with intercom. The flats are made up of 3 x 2 beds, 1 x 1 bed and 2 x spacious studios. Currently fully let, the property is generating an income of £39,552 per annum. This equates to a return in excess of 13% which is far higher than average for the area. Some of the units may lend themselves to being split further to generate more income, subject to the necessary consents. Externally, there is a communal yard to the rear providing access to some useful cellars. We have been advised by the seller that the freeholder also owns some/all of the land/parking to the front of the building. Please refer to the legal pack for more information. Auction House have inspected the flats on the top floor and not inspected those on the first floor. Unfortunately, no viewings will be taking place. 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

First and second floor 3 x 2

beds, 1 x 1 bed and 2 x spacious studios

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. Search Fees: £240 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.