- Freehold Detached Block of Flats
- All Being Let as Two Bedrooms
- Potential Gross rent of circa £60,000
- Two Flats let until 29th June 2020
- Prime Central Headingley Location
- Off Street Parking
- EPC RATINGS - C's & D's
A RARE AND EXCITING OPPORTUNITY TO PURCHASE A DETACHED FREEHOLD BLOCK OF SIX FLATS, SITUATED IN THIS PRIME CENTRAL HEADINGLEY LOCATION, JUST A FEW MINUTES WALK TO THE CRICKET GROUND, EXTENSIVE AMENITIES, SHOPS, BARS AND RESTAURANTS AND WITHIN EASY REACH OF LEEDS CITY CENTRE & UNIVERSITIES.
There are 3 x two bed flats and 3 x three bed flats; the three bed flats have been lightly refurbished but the two bed flats would benefit from some general upgrading. All the flats are either let or currently being advertised to let as two beds.
Two of the 3 bed flats are let until 29th June 2020 at £10,920 p/a each. The remainder are currently vacant, although may be let during the marketing process. Once upgraded and fully let, there must be potential for circa £60,000 p/a total rent roll.
Externally there are parking spaces to the front and some lawned communal space to the rear.
The title currently includes the freehold of the neighbouring block of flats on Derwentwater Grove - new title boundaries can be agreed by negotiation to include just the freehold of this property or a sale agreed to include the freehold of the whole site. We are advised the Derwentwater Grove block has a very similar layout comprising 6 flats, subject to individual 99 year leases from 1995 with annual ground rents of £50 per flat.
We strongly advise internal viewing to appreciate the full potential.