This spacious end terrace split into 6 studio apartments is offered for sale via traditional auction. The property is currently fully occupied generating a gross rental income of £48,456 per annum which reflects a 24.85% yield return based on the guide price. This property would make a great addition to a rental portfolio. The property is located in Beeston, 1.5 miles south of Leeds and is also conveniently located for local shopping, the White Rose Shopping Centre, Leeds city centre and motorway networks. Interested parties should be aware that a prohibition notice has been served on the property which stipulates each apartment can only be occupied by a single occupant. Based on the current tenancy agreements, this obligation is currently being complied with. Buyers are advised to do their own research in this regard.

Ground Floor

Studio Apt 1 and Studio Apt 2.

First Floor

Studio Apt 3 and Studio Apt 4.

Second Floor

Studio Apt 5 and Studio Apt 6.

ADDITIONAL INFORMATION

Council Tax

Band A.

EPC

Ratings D, F, E, D, D and E.

Tenure

Freehold.

Charges & Payments

In addition to the deposit Administration Charge: 1.2% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Searches £300 inc VAT

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.