1 bed Flat For Sale £40,000
Summary
For sale via Online Auction, terms and conditions apply.
Attention investors!
We welcome to the market this fantastic, cash only investment opportunity of a studio flats located within the Citispace development.
This property is available with a tenant in situ, achieving the sum of 5,400 per annum. This generates a potential gross yield of between 9.5%-10%.
The complex boasts an enviable position situated just a 10 minute walk from Leeds City Centre along with easy access by car to the inner ring road and motorway network.
To the ground floor there are a host of great facilities for modern living including beauty salons, barbers and more. A local Aldi supermarket is situated around the corner with a 24-hour garage across the road. There are also evening security patrols for added peace of mind.
Leasehold: 125 years (114 years remaining)
Ground Rent: 600 Per Year
Service Charge 250 Per Year
Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 114
Annual Ground Rent Amount: 600.00
Annual Service Charge Amount: 250.00
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
For sale via Online Auction, terms and conditions apply.
Attention investors!
We welcome to the market this fantastic, cash only investment opportunity of a studio flats located within the Citispace development.
This property is available with a tenant in situ, achieving the sum of 5,400 per annum. This generates a potential gross yield of between 9.5%-10%.
The complex boasts an enviable position situated just a 10 minute walk from Leeds City Centre along with easy access by car to the inner ring road and motorway network.
To the ground floor there are a host of great facilities for modern living including beauty salons, barbers and more. A local Aldi supermarket is situated around the corner with a 24-hour garage across the road. There are also evening security patrols for added peace of mind.
Leasehold: 125 years (114 years remaining)
Ground Rent: 600 Per Year
Service Charge 250 Per Year
Council Tax Band: B
Tenure: Leasehold
Length Of Lease: 114
Annual Ground Rent Amount: 600.00
Annual Service Charge Amount: 250.00
Auctioneers Additional Comments
Pattinson Auction are working in Partnership with the marketing agent on this online auction sale and are referred to below as 'The Auctioneer'.
Please be aware that any enquiry, bid or viewing of the subject property will require your details being shared between both the marketing agent and The Auctioneer in order that all matters can be dealt with effectively.
This auction lot is being sold either under conditional (Modern) or unconditional (Traditional) auction terms and overseen by the auctioneer in partnership with the marketing agent.
The property is available to be viewed strictly by appointment only via the Marketing Agent or The Auctioneer. Bids can be made via The Auctioneers or the Marketing Agents website.
Auctioneers Additional Comments
Your details may be shared with additional service providers via the marketing agent and/or The Auctioneer.
A Legal Pack associated with this particular property is available to view upon request and contains details relevant to the legal documentation enabling all interested parties to make an informed decision prior to bidding. The Legal Pack will also outline the buyers' obligations and sellers' commitments. It is strongly advised that you seek the counsel of a solicitor prior to proceeding with any property and/or Land Title purchase.
In order to submit a bid upon any property being marketed by The Auctioneer, all bidders/buyers will be required to adhere to a verification of identity process in accordance with Anti Money Laundering procedures.
Auctioneers Additional Comments
In order to secure the property and ensure commitment from the seller, upon exchange of contracts the successful bidder will be expected to pay a non-refundable deposit of 5% of the purchase price of the property. The deposit will be a contribution to the purchase price. A non-refundable reservation fee of up to 6% inc VAT (subject to a minimum of 6,000 inc VAT) is also required to be paid upon agreement of sale. The Reservation Fee is in addition to the agreed purchase price and consideration should be made by the purchaser in relation to any Stamp Duty Land Tax liability associated with overall purchase costs.
Both the Marketing Agent and The Auctioneer may believe it necessary or beneficial to the customer to pass your details to third party service suppliers, from which a referral fee may be obtained. There is no requirement or indeed obligation to use these recommended suppliers or services.
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