Morris Lane, Leeds £625,000

A SUBSTANTIAL, FREEHOLD INVESTMENT OPPORTUNITY OF SIX SELF CONTAINED APARTMENTS, FULLY LET AND PRODUCING AN ATTRACTIVE ANNULISED RENTAL INCOME RENT OF £55,140.

A very rare opportunity to purchase a large period semi detached property which has been skilfully converted into six self contained one and two bedroom apartments (with three flats having their own private entrance), located in this highly popular location, only a few minutes walk from Headingley train station, excellent shopping facilities and the beautiful open spaces of Kirkstall Abbey.

Each unit is metered separately for gas & electric, and benefits from their own gas combination boilers. The apartments are all well managed and equiped with contemporary bathrooms and kitchens and is upvc double glazed. Externally, there is a easily maintained front garden and a shared driveway.

Each unit is generating a monthly rent of;

Flat A £795 PCM
Flat B £715 PCM
Flat C £720 PCM
Flat 1 £695 PCM
Flat 2 £750 PCM
Flat 3 £920 PCM

It is now being sold as on-going concern, with immediate income on completion. In our opinion, with current excellent demand for 1 & 2 bedroom rentals, this must offer a much more attractive and more manageable investment than larger HMO student properties!

CLICK ON 'FULL DETAILS' FOR LOTS MORE INFORMATION ABOUT THE PROPERTY, ITS BOUNDARIES, THE LOCAL AREA, TRANSPORT LINKS AND SCHOOLS.