Investment property for sale in Leeds

This property is marketed by:
Vesta Property

Block information

• Unbroken apartment block with head lease
• 36 brand new converted apartments occupying the first, second and third floor overlooking Bramley shopping centre
• The block comprises:
• 33 x 1-bed apartments (estimated average size of 360 sqft)
• 3 x 2-bed apartments (estimated average size of 540 sqft)
• All apartments come with:
• Open plan kitchen/living room
• Wall-mounted heater
• Pre-installed connections for TV, telephone and broadband
• Parking is also available
• Lift access to all floors
• EPC ratings D & E
• Council tax band: tbc

Rental information

• The property is fully let at the time of listing
• Aggregate monthly rental income £18,275
• Aggregate annual rental income £219,300

Lease information

• The headlease has been appraised at £135,000 based on total ground rent of £9,000 pa and the units being on separate 999-year leases (commencing from 2019).
• The headlease is a 999-year headlease with a peppercorn ground rent payable to the freeholder (the council).
• The block has a service charge budget of £55,080 pa.

Available upon request

• Block breakdown
• Leasehold information per unit
• EPCs for all units

Notes

Please note that Vesta has not visited this property and that all material has been provided by the vendor.

The floorplans are examples of a 1-bed, and a 2-bed apartment in this development. Layout and sizes will vary.