2 bedroom flat for sale

FOR SALE BY AUCTION: To be sold by public auction at the owner's instruction. A purpose-built two-bedroom, tenanted mid-floor apartment in Leeds city centre. It is currently tenanted and receiving rent of £800 PCM, which means a 12% gross annual yield. The apartment measures approximately 525 SQFT internally and has been assessed as EPC B. Leasehold 107 years.

Auctioneers Comments: 'This Lot offers investors the opportunity to acquire a modern, purpose-built property with immediate cash flow, making this Leeds city centre apartment an attractive proposition.'

Auction date
The property is to be sold by public auction on Friday, 24 May 2024, via a 2-hour online bidding window.

Description
Two bedrooms, purpose-built, 525 SQFT, tenanted, £775 PCM

Outside
Communal areas

Location
Leeds city centre, Yorkshire, 1.3 miles to Leeds railway station

Accommodation
Mid-floor: two bedrooms, bathroom, kitchen/living room

EPC rating
B

Tenure
Leasehold
125 years from 1 June 2005

Local authority and council tax band
Leeds City Council
Council tax band: C

Pre-auction bids
To make a pre-auction bid, you must be an approved bidder. Once you have set up your online bidding account, verified your ID and paid the security deposit, you can email the amount you would like to bid. The common auction conditions and special conditions apply to all pre-auction bids, and no conditions will be acceptable. Should your pre-auction bid be accepted, you will need to immediately pay the balance of the 10% deposit (min. £5,000) and all auction fees listed. The Auctioneer reserves the right to refuse any bid.

Auction fees
In addition to the 10% deposit (min. £5,000) of your winning bid, you must pay an auction buying commission of 2% plus VAT (min. fee of £2,100 plus VAT) of the purchase price and auction buying fee of £1,900 plus VAT. Please be aware that additional fees may be payable on completion, including disbursements in the legal pack. Check the legal pack for each lot you are interested in before bidding.