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Ridgeway Terrace, Leeds £390,000

  • Substantial 6 Bed HMO Terrace
  • Located off HYDE PARK Corner
  • Within Easy Reach of Leeds Univeristy
  • Currently Let at £28K PA
  • Excellent Rental Uplift Potential
  • IDEAL INVESTMENT OPPORTUNITY
  • EPC Rating - E

Best & Final offer by 12 Noon on Wednesday 20th October 2021. HMO INVESTMENT OPPORTUNITY - QUALITY 6 BED STUDENT HOUSE - LET UNTIL SUMMER 2022- RENT £28K PA!

A substantial mid terrace student HMO investment property, located within only a few minutes walk of the University city campus, just off Hyde park corner, fully let producing an annualised rental income of £28,011, exclusive of utilities, until 15th September 2022!

Being sold as an on-going concern with immediate income on completion and no letting management tie in, allowing buyers the opportunity to self manage or appoint their own preferred letting agent! It provides an impressive spacious interior and must offer RENTAL UPLIFT potential in future years by utilising the large bedrooms to create some 'En suite' facilities!! (Subject to usual planning consents).
In brief the property comprises; versatile accommodation over four floors, gas centrally heated, upvc double glazed, entrance hall, separate lounge, dining kitchen, six double bedrooms and two shower/bathroom and wc's - Emergency lighting, fire doors and hard wired smoke detectors.
Externally, there is a front garden and a larger yard to the rear with potential to create some off street parking.

Situated in one of the prime letting locations and must be an excellent choice for any established discerning investor.

The HMO licence permitted level of occupancy is a maximum of 6 persons and expires on 8th August 2022.
Note: We are in receipt of signed historical tenancy agreements dating back to 2011 showing full HMO usage.


Ridgeway Terrace
Leeds LS6 2HU
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00004056

Tenure

Freehold

Possession

Subject to existing tenancy agreement. Vacant possession 16th September 2022


Ridgeway Terrace
Leeds LS6 2HU
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00004056
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