1 bed Flat For Sale, Melbourne Mills, Melbourne Street, Morley, Leeds LS27

Description

This one bedroom first floor apartment would make a good addition to a portfiolio. Currently tenanted, the property is generating an income of £6,600 per annum which equates to a gross return of more than 13% based on the guide price. The images shown were taken before the new tenant moved in and our details will be updated shortly. Externally, there are parking bays for residents. The development is located in Morley town centre and has good access to the White Rose Shopping Centre and motorway networks.

Lease Information - 125 years from January 2004. Service charge is approximately £795 per annum and a ground rent of £400 per annum.

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

First Floor

Living/kitchen, bedroom and a bathroom

Additional Information:

Council Tax

Leeds City Council - Tax Band A

Tenure

Leasehold - 125 years from January 2004.

Ground Rent

£400 per annum

Service Charge

£795 per annum

Disclaimer

Any information in relation to the length of lease, service charge, ground rent and council tax has been confirmed by our sellers. We would advise that any buyer make their own enquiries through their solicitors to verify that the information provided is accurate and not been subject to any change.

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.
Search Fees: £240 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.

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1 bed Flat For Sale £50,000 Melbourne Mills, Melbourne Street, Morley, Leeds LS27

1 bed Flat For Sale £50,000
Melbourne Mills, Melbourne Street, Morley, Leeds LS27