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Consort Terrace, Leeds £575,000

  • Stunning Investment Property with Enclosed Well Maintained Gardens
  • 8 bedrooms, 3 bath/shower rooms
  • Very Close to Universities & City Centre
  • Let until June 2022!!
  • Gross Rent £43,680 p/a (excluding bills)
  • Spacious, Modern & Well Planned Accommodation
  • EPC RATING - C

DUE TO STRONG INTEREST, BEST & FINAL OFFERS ARE REQUIRED IN WRITING BY 12 NOON ON THURSDAY 11th FEBRUARY 2021.

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A SUPERB EIGHT BEDROOMED INVESTMENT PROPERTY PROVIDING SUBSTANTIAL AND VERY IMPRESSIVE ACCOMMODATION, SITUATED IN A PRIME POSITION, PERFECTLY LOCATED CLOSE TO THE UNIVERSITY CAMPUS' AND A STONE'S THROW FROM LEEDS CITY CENTRE.

Producing a very attractive rental income until 30th June 2022, currently let at £41,376 p/a and re-let from 1st July 2021 at £43,680 p/a, a yield of circa 7.6% based on the asking price.

This well planned property offers modern living with excellent facilities, briefly comprising eight good sized bedrooms, three bath or shower rooms and an additional w/c, a fantastic modern fitted dining kitchen, utility room and generous lounge with feature exposed brick wall and flat screen TV and a large bay window overlooking the front garden. Externally there is a well maintained enclosed lawned front garden surrounded by privet hedging and an enclosed rear garden with lawn and timber decked patio area.

We are advised that the property has a Megaflow unvented hot water system and 24/7 fresh air circulatory system serving the lower ground floor.

The owners have a HMO Licence until 31st October 2024 and the property has a Certificate of Lawful Existing Use as a House in Multiple Occupation (sui generis).The sale is subject to the buyer retaining the current managing letting agent until at least the remainder of the existing tenancies.


Consort Terrace
Leeds LS3 1ET
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00001369

LOCATION

Travelling from Headingley towards the City on Woodhouse Street, turn right onto Clarendon Road, right onto Victoria Street, right onto St Johns Road, Consort Terrace is on the left. POINT TO NOTE - Some of the photographs contained in this brochure were taken prior to the property being let.

TENURE

Freehold. This property is in an Article 4 area and is being let as a House in Multiple Occupation (HMO). HMO's are subject to C4 or Sui Generis planning class use. If the property requires a HMO Licence then Landlords have to ensure the property complies with various criteria including specific fire protection, health & safety standards and minimum bedroom and communal room sizes. We understand rooms not meeting these minimum sizes, could lead to HMO Licences not being issued or renewed. Buyers are strongly advised to consult Leeds City Council for HMO advice & guidelines.

POSSESSION

Subject to the existing tenancy agreements. Producing a very attractive rental income until 30th June 2022, currently let at £41,376 p/a and re-let from 1st July 2021 at £51,584 p/a including bills


Consort Terrace
Leeds LS3 1ET
County: West Yorkshire
Sale Type: Sold STC
Ref #: 00001369
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