Key information

Tenure: Leasehold | unconfirmed share | rental £0pcm | unconfirmed yrs left

Ground rent: £250 per annum | review period: unconfirmed

Service charge: £924 per annum

Council tax: Band TBC

Broadband: Basic 23Mbps *

Mobile signal:

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Features and description

Tenure: Leasehold
For sale by auction on the 12th July 2023
Guide price £78,000
1 bed studio
Great addition to an investors portfolio
Council Tax band B - EPC rating . C

Tenanted studio apartment located in the heart of Leeds City Centre. Currently rented under a management agreement the property, the property is generating an income of £9,600 per annum. This offers any buy to let landlord an appealing gross rental yield of over 12% based on the guide price. Auction House have also been advised that this management agreement also states that ground rents and service charges are currently being paid by the Manager. Auction House have been unable to inspect the property in person and are using marketing photos from 2021.

Lease 111 years remaining
Ground rent - £250 per annum
Service charge - £924 per annum

Rooms

ACCOMMODATION

Ground floor
Kitchen area, bathroom, bedroom/living room.

Additional Information

Council Tax
Leeds city council - Band B

Tenure
Leasehold

Disclaimer
Any information in relation to the length of lease, service charge, ground rent has been confirmed by our sellers. We advise buyers to make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

Charges and Payments
In addition to the deposit Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,500 inc VAT. Search Fees: £240 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.

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.

Property information from this agent

Particulars

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About this agent

Auction House - West Yorkshire

Caledonia House, Lawnswood Business Park, Redvers Close Leeds LS16 6QY

0113 427 9292

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Auction House West Yorkshire is the leading auctioneer in the region, the largest and most successful in the Leeds, Bradford and Wakefield area. We have
been auctioneers since 2009 and hold seven multi-lot auctions each year at Leeds United FC’s Elland Road Stadium. We work closely with major estate agents
Manning Stainton and Ryder & Dutton – together they help us provide the best service possible throughout Leeds, Wakefield, Pontefract, Harrogate, Bradford,
Castleford, Keighley, Halifax and Huddersfield. Our service is second to none, we are the local experts with auctions of circa 50 lots, mainly resi... Show more... Show more