Two properties combined many years ago consisting of 8 studio rooms virtually all rented to private tenants generating an income of £29,832.00 and a return of 20% when based on the quoted guide price. (Note: All tenants pay their own electricity bills). The property is fully managed by professional letting agents. All appropriate electric and fire alarm certificates etc are in place, see legal pack for further information. The letting agent has advised us that 2 studios are vacant at present but the seller will guarantee the full rental income of £29,832 for 28 days following completion. Please note: A 21 day completion applies to this lot.

Tenure

Freehold

Basement

Studios one and two.

Ground Floor

Studios three and four.

First Floor

Studios five and six

Second Floor

Studios seven and eight.

Outside

The property has a yard to the front with on street parking available.

Charges and 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. 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.

Energy Efficiency Rating (EPC)

Current Rating E

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.