- Substantial Investment Property
- Six Bedrooms - Total Income £29,076PA
- An Attractive 9% Yield
- Huge Basements
- Long Letting History
- Fire Alarm, Gas C/Heating & UPVC D/Glazing
- EPC RATING - D
Best & Final Offers Required by 12 Noon Monday 25th March 2019.
ATTENTION INVESTORS - A Substantial SIX BEDROOM THROUGH TERRACE property being sold as an on-going concern OFFERING OVER A 9% YIELD based at the asking price, with further potential to uplift rents and/or increase the accommodation by utilising the large basements!
Providing a long letting history, this very well managed and good sized rental investment is fully let on an individual room basis currently producing an attractive gross rental income of £29,076 p/a inclusive of utilities including gas, electric, water, council tax and internet.
A highly popular letting location, within excellent reach to Burley Park Train station, the City Centre, Headingley and with the 'Vue Cinema Complex', restaurants, bars and gyms just a minutes walk away!
In brief the property comprises; entrance hall, lounge with bay window, bedroom and kitchen on the ground floor, three bedrooms and a modern shower room/wc plus additional separate wc on the first floor and two further good sized bedrooms on the second floor. The basement is partially converted providing a second larger kitchen/utility room with further large chambers unconverted with higher than average head heights - In our opinion, offering further potential to increase the accommodation or to create an additional self contained unit, subject to the usual planning consents. Additional features include gas central heating (a new central heating boiler was installed January 2018), upvc double glazing and integrated fire alarm system to all rooms. Externally there is a back yard with parking space for one car.
INTERNAL INSPECTION STRONGLY ADVISED! The current HMO licence is valid until August 2021. All tenants have been in the property for approximately two years and are staying on a month to month periodic basis.