Investment property for sale in Leeds

Town Street, Leeds, West Yorkshire, LS13 2DW
For sale
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


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.

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