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Offers in region of
£550,000

Block of apartments for sale

Morris Lane, Leeds
Block of apartments
376 sq ft / 35 sq m
EPC rating: C
Added > 14 days

Key information

TenureFreehold
Council taxAsk agent
BroadbandUltra-fast 1800Mbps *
Mobile signal
EEO2ThreeVodafone

Features and description

  • Tenure: Freehold
  • Block of 5 apartments
  • Total annual income of £39,840
  • Strong history of letting out the apartments
  • Great access to local transport links
  • Potential to increase rents
  • Ready made investment
  • EPC - RANGE FROM C-D SEE PARTICULARS
  • Council tax band all apartments are a
* RARE OPPORTUNITY TO ACQUIRE A READY MADE INVESTMENT OF 5 FLATS * PURCHASE OF THE FREEHOLD * GREAT LOCATION * CURRENT ANNUAL RENTAL INCOME OF £39,840 * Stoneacre Properties are delighted to present to market this unique chance to purchase this block of 5 well presented apartments. All currently let out with a long history of successful letting, this ready made portfolio is great for those looking to grow their portfolio. All apartments are well presented having been recently updated with modern kitchens and bathrooms.

Situated on Morris Lane in Kirkstall the building is well positioned offering easy access to the local train station as well offering easy access to local bus routes, and on street parking making the location very appealing for tenants.

The apartments are currently broken down as follows:

Flat 1: £725 PCM
Flat 2: £625 PCM
Flat 3 (studio): £595 PCM
Flat 4: £700 PCM
Flat 5: £675 PCM

Total monthly rental income: £3320
Total annual rental income: £39,840

Flats 2,4 and 5 all have the potential to increase the rent to circa £725.

* RARE OPPORTUNITY TO ACQUIRE A READY MADE INVESTMENT OF 5 FLATS * PURCHASE OF THE FREEHOLD * GREAT LOCATION * CURRENT ANNUAL RENTAL INCOME OF £39,840 * Stoneacre Properties are delighted to present to market this unique chance to purchase this block of 5 well presented apartments. All currently let out with a long history of successful letting, this ready made portfolio is great for those looking to grow their portfolio. All apartments are well presented having been recently updated with modern kitchens and bathrooms.

Situated on Morris Lane in Kirkstall the building is well positioned offering easy access to the local train station as well offering easy access to local bus routes, and on street parking making the location very appealing for tenants.

The apartments are currently broken down as follows:

Flat 1: £725 PCM
Flat 2: £625 PCM
Flat 3 (studio): £595 PCM
Flat 4: £700 PCM
Flat 5: £675 PCM

Total monthly rental income: £3320
Total annual rental income: £39,840

Flats 2,4 and 5 all have the potential to increase the rent to circa £725.

Flat 1 - 1-bedroom apartment boasts an open plan kitchen, living, diner, spacious double bedroom and bathroom.

EPC - C

Flat 2 - 1-bedroom apartment with separate kitchen, lounge, double bedroom and bathroom.

EPC - D

Studio 3 - Modern studio apartment with well presented kitchen and bathroom.

EPC - C

Flat 4 - 1-bedroom apartment boasts an open plan kitchen, living, diner, spacious double bedroom and bathroom.

EPC - D

Flat 5 - 1-bedroom apartment boasts an open plan kitchen, living, diner, spacious double bedroom and bathroom.

EPC - C

Property information from this agent

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About this agent

Stoneacre Properties - North Leeds and City Centre
Stoneacre Properties - North Leeds and City Centre
184 Harrogate Road Chapel Allerton LS7 4NZ
0113 427 9257
Full profileProperty 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. Progre... Show more
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