- Detached Block of Flats with Freehold
- 6 x two bedroomed flats
- Potential Gross rent of circa £60,000
- Prime Central Headingley Location
- Off Street Parking & gardens
- Viewing essential!
- 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.
Flat 1, 3 & 5 have been let from 1st July to 28th June 2021 at an annualised gross rent of £9,048 per unit.
Flat 4 has been let from 1st July to 28th June 2021 at an annualised gross rent of £11,440
The remainder of the flats are currently vacant, although they are being actively marketed and may be let during the marketing process.
We believe with further upgrading works, there is potential for a circa £60,000 p/a total rent roll.
There are 3 x 2 bed flats and 3 x 3 bed flats, although all of them are being let on a 2 bed basis as there is not a continuous letting history to support C4 use for the 3 bed flats.
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.