This one bedroom first floor apartment with communal parking is offered for sale via auction. The property is currently tenanted generating a gross rental income of £6,299.88 per annum which reflects just under a 14% gross yield return based on the guide price. This would make a great addition to a rental portfolio.
Whingate Mill is positioned for easy access to all that Leeds city centre has to offer, from a wide variety of shops, restaurants, and bars, to cultural attractions like museums and galleries. Additionally, residents can enjoy a range of local amenities just a short walk away, including parks, supermarkets, and other essential shops.
The vendor has advised the below leashold information: Length of lease: 125 years from 1st January 2016. Service Charge: £1,232.50 per annum Ground Rent: £200
The Vendor would consider pre-auction offers.
Please note: a 21 day completion applies to this lot.
The Est. Mortgage is for a 25 years repayment mortgage based on a 10% deposit and a 5.5% annual interest. It is only intended as a guide. Make sure you obtain accurate figures from your lender before committing to any mortgage. Your home may be repossessed if you do not keep up repayments on a mortgage.
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