A Mid Terrace Building Arranged to Provide a Four Bedroom House and a Lower Ground Floor Studio Flat Fully Let Producing a Combined £14,136 Per Annum (Reflecting a Gross Initial Yield of 14%)

The property comprises a mid terrace building arranged to provide a lower ground floor studio flat and a four bedroom house arranged over ground and two upper floors.

Tenure

Freehold

Location

The property is situated approximately five minutes from Leeds City Centre on a residential road close to local shops and amenities. The open spaces of Holbeck Park are within easy reach. Transport links are provided by Leeds rail station and the M621.

Accommodation

Lower Ground Floor Studio Room Kitchen Bathroom Separate WC Ground Floor Reception Room Kitchen First Floor Two Bedrooms Bathroom Second Floor Two Bedrooms

Exterior

The property benefits from both front and rear yards.

Tenancy

The lower ground floor flat is subject to an Assured Shorthold Tenancy at a rent of £476 per calendar month. The four bedroom house is subject to an Assured Shorthold Tenancy at a rent of £702 per calendar month.

The vendor has advised potential to reach £16,500 (16.5% Gross) upon annual rent increase.

Services

Interested parties are requested to make their own enquiries to the relevant authorities as to the availability of services.

Additional Fees

Administration Charge - Purchasers will be required to pay an administration fee of £1,500 inc VAT

Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.