Located in the heart of Roundhay, this substantial and impressive property has been thoughtfully converted into five self-contained flats made up on 4 x 1 bedroom apartments and 1 x 2 bedroom apartment, presenting an excellent investment opportunity. Just a short walk from the beautiful Roundhay Park and the bustling Street Lane parade, it enjoys a prime position. The property has been under the same ownership for the last 23 years, with the flats continuously let via Linley and Simpson Lettings throughout this period. Full documentation reflecting this is provided in the legal pack. With a very strong rental history, and increasing demand for quality accommodation in this area, this property presents an excellent opportunity for investors looking for a well maintained, income generating asset. When fully occupied the property generates £52,900 gross income per annum, Please note currently apartment 5 is vacant but is being marketed for a new tenant. Based on fully occupied income this reflects a 8.89% gross yield return based on the guide price. Please note: A six week completion timeframe applies to this lot. Additionally, a mixture of dressed and occupied photos have been used for marketing purposes. Additionally, the sleeping area in flat 1 uses borrowed light from the lounge and doesn't have an external window. Finally, please note flat 1 has a different tenant to the one in our video tour and flat 5 is now currently vacant.

ACCOMMODATION

Ground Floor

Communal entrance to front. Flat 1 - Lounge, kitchen, bedroom and shower room. Flat 5 - Private entrance, lounge/kitchen, bedroom and shower room.

First Floor

Flat 2 - Lounge/kitchen area, bedroom and bathrom. Flat 3 - Lounge/kitchen area, bedroom and bathroom.

Second Floor

Flat 4 - Lounge/kitchen, two bedrooms and shower room.

Externally

Front garden, decked area and parking to the rear.

ADDITIONAL INFORMATION

EPC

Flat 1 - Rating D. Flat 2 - Rating C. Flat 3 - Rating C Flat 4 - Rating D Flat 5 - Rating D.

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

Disbursements

Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details, please see the legal pack.

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.