- Substantial stone semi-detached property
- Twelve self-contained studio flats
- Prime Headingley location, on main road into Leeds
- Total gross rent over £90,000 p/a
- Parking for several vehicles
- Excellent further upgrade potential
- EPC Rating - D's and E's
A SUBSTANTIAL AND IMPOSING STONE SEMI-DETACHED INVESTMENT PROPERTY SPLIT INTO 12 SELF-CONATINED STUDIO FLATS WITH PARKING, SITUATED IN THIS PRIME AND HIGHLY CONVENIENT LOCATION, A SHORT WALK INTO HEADINGLEY AND THE EXTENSIVE AMENITES, SHOPS, BARS AND RESTAURANTS WITH EASY ACCESS INTO LEEDS CITY CENTRE AND THE UNIVERSITIES.
CLICK ON VIRTUAL TOUROR ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.
The property is fully let and produces an attractive annualised rent roll of circa £89,220 p/a which includes the water rates. We understand the owner also derives extra income of circa £1,000 p/a from 4 parking spaces via yourparkingspace.co.uk. The tenants are responsible for paying council tax (Band A) and electricity for each flat. The Landlord's only expense is an annual water rates payment of circa £1,800. This represents a gross yield of 8% based on the fixed price.
We understand there is one electric supply to the building with each flat having a sub-meter and there is one gas supply but it is not currently utilised.
The accommodation comprises a communal entrance hall and three studios on the ground floor, three studios on the lower ground floor, three on the first floor and three on the top floor. There is excellent potential to cosmetically upgrade the flats providing an opportunity for increased rents.
An excellent investment opportunity!
Possession: Subject to existing Tenancy Agreements
AML: Under UK Law, Estate agents are required to carry out Anti Money Laundering (AML) checks in line with regulations and guidance set out by HMRC. These checks include identifying the source of funds used to purchase a property and conducting identity checks on their customers. For any intending purchaser, we will require evidence of funding to support any offer and we will carry out an electronic identity check. We may also need to request photographic identification and/or proof of address.