Key information

Tenure: Leasehold | 112 yrs left

Council tax: Ask agent

Broadband: Ultra-fast 318Mbps *

Mobile signal:

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Features and description

Tenure: Leasehold (112 years remaining)
Ready made portfolio of 10 apartments
Annual rental income of £62,820
All currently let out
Popular city centre apartments
EPC - B/C
Council tax band all apartments are b

* CALLING ALL INVESTORS * CASH BUYERS ONLY * An ultra rare opportunity has arisen to acquire a ready made portfolio of 10 Citispace apartments all situated on the 4th floor of Citispace West currently achieving £5,235 PCM in rental income offering a gross return of 13.96%, £62,820 per annum.

These properties are ONLY available to cash buyers.

All properties are currently let out, and we are advised the current landlord has never faced any issues letting these properties out.

Breakdown of properties:

Flat 1 – tenanted – on a periodic basis - £495 PCM
Flat 2 – tenanted – on a periodic basis - £495 PCM
Flat 3 – tenanted – on a periodic basis - £550 PCM
Flat 4 – tenanted – on a periodic basis - £520 PCM
Flat 5 – tenanted – fixed term until 31 May 2025 - £535 PCM
Flat 6 – tenanted – on a periodic basis - £495 PCM
Flat 7 – tenanted – on a periodic basis - £575 PCM
Flat 8 – tenanted – fixed term until 30 April 2025 - £525 PCM
Flat 9 – tenanted – on a periodic basis - £495 PCM
Flat 10 – tenanted – fixed term until 9 February 2025 - £550 PCM

The apartments let at £495, have the potential to increase up to £525 PCM adding an additional £1,440 to the total annual rental income.

Note: it wont be possible to show all 10 properties in one go but we can show a handful of properties to allow prospective buyers to get a feel for the apartments. They range in size, but are all 1-bed apartments.

Citispace is a very popular urban development on the fringe of the city, and opportunities to purchase a portfolio like this very rarely arise, especially when all apartments are currently tenanted as of October 2024.

Service charge per apartment:

All figures below are the most recent from the period of 01.07.24 to 31.12.24 (6 months)

Flat 1 - £562.40
Flat 2 - £562.40
Flat 3 - £562.40
Flat 4 - £562.40
Flat 5 - £703.00
Flat 6 - £703.00
Flat 7 - £703.00
Flat 8 - £703.00
Flat 9 - £703.00
Flat 10 - £703.00

Epc Per Apartment - Below is the EPC rating per apartment:

Flat 1 - C
Flat 2 - B
Flat 3 - B
Flat 4 - B
Flat 5 - C
Flat 6 - B
Flat 7 - B
Flat 8 - C
Flat 9 - C
Flat 10 - C

Council Tax Per Apartment - Below is the council tax banding per apartment:

Flat 1 - B
Flat 2 - B
Flat 3 - B
Flat 4 - B
Flat 5 - B
Flat 6 - B
Flat 7 - B
Flat 8 - B
Flat 9 - B
Flat 10 - B

Property information from this agent

Portfolio of 10 Apartments at Citispace West, LS2

Visit agent website

About this agent

Stoneacre Properties - North Leeds and City Centre

184 Harrogate Road Chapel Allerton LS7 4NZ

0113 427 9257

Full profile Property listings

Stoneacre Properties , a leading Leeds Estate Agency, offer a one-stop property-shop serving North Leeds, East Leeds and beyond. The prestigious offices in Chapel Allerton (North Leeds) and Whitkirk (East Leeds) provide residential sales and lettings, full property management services, all aspects of commercial property, legal services and in-house mortgage advice and financial planning. Stoneacre Properties have been offering high quality properties for over twenty years, working with buyers and sellers in order to add enhanced value to their properties whether to occupy or for investment potential. Progression and development have seen Stoneacre Properties establish themselves as premier Leeds Estate Agents with a traditional philosophy. Treat all our clients with respect, continue to demonstrate a hard work ethic and exceed service standards at a competitive price.