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Belle Vue Road, Leeds Offers in Excess of £500,000

  • Substantial Terrace
  • Four x Two Bedroomed Flats
  • Ideal Investment Opportunity
  • Gross Rent circa £31,500 p/a
  • Parking to Rear, Producing Circa £2,000 p/a
  • Potential for Upgrading & Rental Uplift
  • EPC RATINGS - C - E

ALL BEST & FINAL OFFERS SHOULD BE MADE IN WRITING BY FRIDAY 12 NOON ON 16th APRIL 2021.

A SUBSTANTIAL TERRACED PROPERTY SPLIT INTO FOUR x TWO BEDROOMED SELF-CONTAINED FLATS, SITUATED IN THIS SOUGHT-AFTER AND HIGHLY CONVENIENT LOCATION, CLOSE TO THE MAIN UNIVERSITIES, HOSPITALS AND LEEDS CITY CENTRE.


All the flats are let on assured shorthold tenancies, so the property is being sold as an on-going concern representing a great investment opportunity. Currently producing a total rent of circa £31,500 p/a (excluding bills) with all flats let until 30th June 2021. Three of the flats are re-let until 30th June 2022 at the same rents.

Each flat has separate utilities and gas central heating to three of the flats. The ground, first and second floor flats are accessed via a communal door to the front and the lower ground floor flat has its own entrance to the rear, (it should be noted that one 'bedroom' in this flat does not have any natural light).

There must be excellent potential to further upgrade and/or make layout changes at a later date to enhance future rental income.

Externally there is a long lawned garden to the front and parking to the rear, providing space for up to 5 vehicles. The sellers let 4 of these spaces on a separate basis through 'yourparkingspace.com' @ £43pcm each (2 spaces are currently being offered to NHS workers at a discounted rate of £33pcm).


Belle Vue Road
Leeds LS3 1HG
County: West Yorkshire
Sale Type: For Sale
Ref #: 00003895

LOCATION

Travelling from Hyde Park Corner on Hyde Park Road. Turn left onto Moorland Road. Turn right onto Belle Vue Road.

TENURE

Freehold.

POSSESSION

All the flats are let on assured shorthold tenancies, so the property is being sold as an on-going concern; Flat 1 (ground floor) – let until 30th June 2021 @ £8,290 p/a & re-let from 1st July 2021 to 30th June 2022 @ £8,290 p/a Flat 2 – (first floor) let until 30th June 2021 @ £7,821 p/a & re-let from 1st July 2021 to 30th June 2022 @ £7,821 p/a Flat 3 – (second floor) let until 30th June 2021 @ £8,864 p/a & re-let from 1st July 2021 to 30th June 2022 @ £8,864 p/a Flat 4 – (lower ground floor) let until 30th June 2021 @ £6,600 p/a (we understand the tenants are re-signing at the same rent – to be verified)


Belle Vue Road
Leeds LS3 1HG
County: West Yorkshire
Sale Type: For Sale
Ref #: 00003895

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Belle Vue Road
Leeds LS3 1HG
County: West Yorkshire
Sale Type: For Sale
Ref #: 00003895
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