This mixed-use property provides a fantastic income for an investor looking to add to their portfolio. It comprises five self-contained studio flats (two with separate kitchen areas), all rented at £673pcm and a retail unit with basement storage area, rented at £700pcm. In total generating an income of £48,780 per annum.
The property is in good condition, but could also be improved should a buyer wish. Externally, the property has a yard to the rear and is located on Dewsbury Road in Leeds 11, above Cross Flatts Park, in a popular residential area just 1.5 miles south of Leeds city centre. The property, being on the doorstep of the White Rose Shopping Centre, is in an excellent position for trading and provides good access to the motorway network.
Please note: the flats have an official address of 2 Mafeking Mount, Leeds, LS11 7BX.
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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