House For Sale £250,000
Wesley Road, Leeds, West Yorkshire LS12

This large through terrace is Armley, is sure to appeal to those looking for a high yield. The property has been a licenced HMO for many years and, on the 1st of March 2021, the current owners were issued with a new licence for 7 people. The accommodation comprises 2 x self-contained flats on the upper floor, 6 rooms with their own kitchenette and shared bathroom facilities, plus a useful store room. At present, both flats and 5 rooms are tenanted, generating an income of £33,652 per annum. This equates to a healthy return of more than 13% based on the guide price. Please refer to the legal pack for evidence of the property's historical use following a recent unsuccessful application for a certificate of lawful use.

Any purchasers choosing to buy without viewing in person are doing so at their own risk and acknowledge that the auctioneer will not be held responsible for any issues that may arise due to them being unintentionally missed from the video or sales particulars.

Accommodation

Lower Ground Floor

Hall, Room G, WC

Ground Floor

Communal hall, Room A, Room B, Room C

First Floor

Landing, Room D, Room E, store, shower room, bathroom

Second Floor

Landing, Flat 1: Living bedroom, kitchen and shower room

Externally

Yard to the rear

Charges And Payments

In addition to the deposit
Administration Charge: 0.9% inc VAT of the purchase price subject to a minimum of £1,200 inc VAT.
Disbursements: Any additional disbursements payable by the purchaser are yet to be confirmed by the vendor’s solicitor. For more details please see the legal pack.

Guide Price

Guides are provided as an indication of each seller's minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.