This is an investment opportunity to purchase an apartment in Leeds generating £10,500 rent pa & a gross yield of 5.3%.
Leasehold information:
- Length of lease: 999 years
- Year lease started: 2004
- Years left on lease: 981 years (from 2022)
- Service charge review period: Annually
- Ground rent review period: Tbc
Property information:
- Open plan living room/kitchen
- Main bedroom has ensuite shower room
- Shared family-size bathroom
- New heater was installed in the living room in May 2022
- New water heater was installed in September 2018
- Awaiting confirmation on the requirement for an EWS1 certificate from the vendor
- EPC rating: C
- Council tax band D
- Monthly rental income £875
Location information:
- The property is located in the Richmond Hill area of Leeds
- Leeds city centre is 0.5 miles from the property and can easily be reached on foot
- There is a bus stop near the property with regular services into the centre
- Easy access to the A61 and wider road network
Note:
Please note that Vesta has not visited this property and that the vendor has provided all material.