This end terrace in Holbeck, divided into 1 x one bedroom flat and 1 x two bedroom flat, will make a good addition to a portfolio. The total rent currently being generated is £8,760 per annum which equates to a strong return in excess of 13% when based on the lower guide. The flats are separately metered and we have been advised by the seller that the conversion was completed more than 20 years. The ground floor flat is in need of some cosmetic improvement and notice has been served on this tenant to vacate the property.

Tenure

Freehold

Lower Ground Floor

Two store rooms, bathroom.

Ground Floor

Living kitchen and bedroom. Entrance hall.

First Floor

Landing, lounge, kitchen and bathroom.

Second Floor

Landing and two bedrooms.

Externally

Rear garden.

Charges & Payments

In addition to the deposit Administration Charge: 0.6% inc VAT of the purchase price subject to a minimum of £900.00 inc VAT. Search Fees: £200 Inc VAT Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendors solicitor. For more details please see the legal pack

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.

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.